Disco (OTCMKTS:DSCSY) Trading Up 8.4% – Here’s Why

Disco Corp (OTCMKTS:DSCSY)’s share price shot up 8.4% on Thursday . The stock traded as high as $46.29 and last traded at $46.29. Approximately 43,887 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 297,534 shares. The stock had previously closed at $42.70.

Analysts Set New Price Targets

Separately, Zacks Research lowered 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, According to data from MarketBeat, Disco presently has an average rating of “Hold”.

Disco Price Performance

The stock has a market cap of $49.31 billion, a PE ratio of 55.43 and a beta of 1.50. The stock has a 50-day moving average price of $46.25 and a two-hundred day moving average price of $43.38.

Disco (OTCMKTS:DSCSY) last posted its 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 company had revenue of $848.13 million for the quarter, compared to the consensus estimate of $771.53 million. Equities research analysts expect 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.