Disco (OTCMKTS:DSCSY) Shares Gap Up – Time to Buy?

Disco Corp (OTCMKTS:DSCSY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $38.52, but opened at $40.85. Disco shares last traded at $40.7725, with a volume of 80,736 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Disco currently has a consensus rating of “Buy”.

Disco Stock Up 6.3%

The company has a market cap of $45.83 billion, a PE ratio of 51.52 and a beta of 1.63. The business’s fifty day moving average is $43.90 and its 200-day moving average is $39.31.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. Disco had a net margin of 30.95% and a return on equity of 26.03%. The company had revenue of $848.13 million for the quarter, compared to the consensus estimate of $771.53 million. Analysts forecast that Disco Corp will post 1.07 EPS for the current fiscal 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.