Disco (OTCMKTS:DSCSY) Sees Strong Trading Volume – Time to Buy?

Disco Corp (OTCMKTS:DSCSY) shares saw an uptick in trading volume on Friday . 914,761 shares were traded during trading, an increase of 479% from the previous session’s volume of 158,070 shares.The stock last traded at $30.67 and had previously closed at $30.02.

Wall Street Analysts Forecast Growth

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

Disco Trading Up 2.0%

The company has a market capitalization of $33.20 billion, a PE ratio of 39.75 and a beta of 1.54. The company’s 50 day moving average price is $32.57 and its 200-day moving average price is $28.31.

Disco (OTCMKTS:DSCSY) last issued its earnings results on Wednesday, October 29th. The company reported $0.20 earnings per share for the quarter. Disco had a return on equity of 26.71% and a net margin of 30.85%.The firm had revenue of $709.55 million for the quarter. As a group, analysts predict that Disco Corp will post 0.7 earnings per share for the current year.

Disco Company Profile

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.