Disco (OTCMKTS:DSCSY) Trading 4.8% Higher – Still a Buy?

Disco Corp (OTCMKTS:DSCSY)’s share price traded up 4.8% on Wednesday . The company traded as high as $44.35 and last traded at $43.04. 9,175 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 286,670 shares. The stock had previously closed at $41.07.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Disco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Disco has a consensus rating of “Buy”.

Disco Trading Up 4.0%

The company has a market cap of $48.83 billion, a price-to-earnings ratio of 54.89 and a beta of 1.54. The firm’s fifty day moving average price is $43.65 and its 200-day moving average price is $40.11.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $848.13 million during the quarter, compared to analyst estimates of $771.53 million. Disco had a net margin of 30.95% and a return on equity of 25.27%. As a group, research analysts anticipate that Disco Corp will post 1.07 EPS 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.