Disco (OTCMKTS:DSCSY) Trading 9% Higher – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY)’s share price shot up 9% during mid-day trading on Tuesday . The stock traded as high as $34.3780 and last traded at $34.27. 27,362 shares traded hands during trading, a decline of 93% from the average session volume of 367,500 shares. The stock had previously closed at $31.45.

Analyst Ratings Changes

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

Disco Stock Up 3.4%

The firm has a market cap of $39.27 billion, a P/E ratio of 47.03 and a beta of 1.54. The business’s 50 day moving average is $30.48 and its 200-day moving average is $30.20.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.20 earnings per share for the quarter. The company had revenue of $709.55 million during the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. As a group, equities analysts predict that Disco Corp will post 0.7 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.