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

Disco Corp (OTCMKTS:DSCSY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $45.65, but opened at $47.9699. Disco shares last traded at $46.3225, with a volume of 242,119 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Disco Stock Performance

The stock has a market cap of $49.99 billion, a P/E ratio of 57.63 and a beta of 1.54. The business’s 50-day moving average price is $32.58 and its 200-day moving average price is $31.28.

Disco (OTCMKTS:DSCSY) last released its earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share for the quarter. The company had revenue of $709.53 million for the quarter. Disco had a return on equity of 26.21% and a net margin of 30.86%. As a group, equities research analysts expect 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.