Disco (OTCMKTS:DSCSY) Sees Strong Trading Volume – Should You Buy?

Disco Corp (OTCMKTS:DSCSY) saw an uptick in trading volume on Monday . 381,633 shares changed hands during trading, an increase of 28% from the previous session’s volume of 297,277 shares.The stock last traded at $47.30 and had previously closed at $45.1250.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Disco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Disco Trading Down 10.3%

The company has a market cap of $46.87 billion, a price-to-earnings ratio of 52.68 and a beta of 1.50. The business has a fifty day moving average of $46.34 and a two-hundred day moving average of $43.28.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. The company had revenue of $848.13 million for the quarter, compared to analyst estimates of $771.53 million. Disco had a return on equity of 25.27% and a net margin of 30.95%. On average, research analysts forecast that Disco Corp will post 1.05 EPS for the current fiscal 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.