Disco (OTCMKTS:DSCSY) Shares Gap Up – Time to Buy?

Shares of Disco Corp (OTCMKTS:DSCSY) gapped up prior to trading on Monday . The stock had previously closed at $41.16, but opened at $45.33. Disco shares last traded at $46.55, with a volume of 11,942 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Disco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Disco Price Performance

The stock has a market capitalization of $54.06 billion, a P/E ratio of 62.31 and a beta of 1.54. The company’s 50 day simple moving average is $35.76 and its two-hundred day simple moving average is $32.30.

Disco (OTCMKTS:DSCSY) last posted its earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $709.53 million during the quarter. Disco had a net margin of 30.86% and a return on equity of 25.92%. On average, research analysts anticipate that Disco Corp will post 0.7 earnings per share for the current fiscal year.

About Disco

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.