Disco (OTCMKTS:DSCSY) Sees Large Volume Increase – Time to Buy?

Disco Corp (OTCMKTS:DSCSY) shares saw unusually-high trading volume on Wednesday . 277,329 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 294,149 shares.The stock last traded at $43.8260 and had previously closed at $44.08.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Disco Stock Performance

The firm’s 50 day moving average is $45.77 and its 200-day moving average is $43.97. The firm has a market cap of $45.43 billion, a price-to-earnings ratio of 51.07 and a beta of 1.50.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. Disco had a net margin of 30.95% and a return on equity of 25.27%. The firm had revenue of $848.13 million during the quarter, compared to analysts’ expectations of $771.53 million. As a group, research analysts predict that Disco Corp will post 1.05 EPS for the current year.

Disco Company Profile

Disco (OTCMKTS: DSCSY) is a manufacturer of precision processing equipment and consumables for the semiconductor and electronics industries. The company’s product portfolio includes wafer dicing saws, wafer thinning and grinding systems, laser dicing equipment, polishing systems, and diamond blades and wheels, along with associated tooling and process consumables designed for high-precision cutting and surface finishing.

Disco’s products are used in critical back-end semiconductor manufacturing steps such as dicing, singulation, thinning, surface preparation and polishing across applications including IC packaging, power devices, LEDs, MEMS and sensors.