Disco (OTCMKTS:DSCSY) Sets New 12-Month High – Time to Buy?

Shares of Disco Corp (OTCMKTS:DSCSY) reached a new 52-week high on Tuesday . The company traded as high as $46.35 and last traded at $45.65, with a volume of 516391 shares. The stock had previously closed at $42.78.

Analysts Set New Price Targets

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

Disco Stock Performance

The company has a 50-day moving average of $33.23 and a 200-day moving average of $31.47. The firm has a market capitalization of $47.24 billion, a price-to-earnings ratio of 54.46 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Wednesday, January 21st. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $709.53 million during the quarter. Disco had a return on equity of 26.21% and a net margin of 30.86%. As a group, analysts anticipate that Disco Corp will post 0.7 EPS for the current fiscal 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.