Disco (OTCMKTS:DSCSY) Shares Gap Up – Should You Buy?

Disco Corp (OTCMKTS:DSCSY) gapped up before the market opened on Monday . The stock had previously closed at $36.37, but opened at $38.42. Disco shares last traded at $37.69, with a volume of 86,389 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DSCSY. Jefferies Financial Group upgraded Disco to a “buy” rating in a research note on Monday. Zacks Research downgraded Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Disco Trading Up 0.6%

The stock has a market capitalization of $39.71 billion, a P/E ratio of 42.07 and a beta of 1.50. The business’s fifty day simple moving average is $45.07 and its two-hundred day simple moving average is $44.34.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $717.28 million for the quarter. Disco had a net margin of 31.65% and a return on equity of 26.08%. On average, equities research analysts anticipate that Disco Corp will post 1.05 earnings per share 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.