Disco (OTCMKTS:DSCSY) Sees Large Volume Increase – Still a Buy?

Disco Corp (OTCMKTS:DSCSY) shares saw an uptick in trading volume on Wednesday . Approximately 277,329 shares were traded 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 Analyst Weigh In

Separately, Zacks Research cut shares of Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research 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 company has a market cap of $47.30 billion, a price-to-earnings ratio of 53.17 and a beta of 1.50. The company has a 50-day simple moving average of $46.02 and a 200-day simple moving average of $43.80.

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