Disco (OTCMKTS:DSCSY) Sees Unusually-High Trading Volume – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY) shares saw unusually-strong trading volume on Wednesday . Approximately 198,553 shares changed hands during trading, a decline of 32% from the previous session’s volume of 290,913 shares.The stock last traded at $41.73 and had previously closed at $41.77.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Disco Price Performance

The company has a market capitalization of $45.77 billion, a price-to-earnings ratio of 51.45 and a beta of 1.50. The stock has a 50 day simple moving average of $45.39 and a two-hundred day simple moving average of $44.19.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data 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 business had revenue of $848.13 million for the quarter, compared to the consensus estimate of $771.53 million. Equities research analysts predict that Disco Corp will post 1.05 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.