Disco (OTCMKTS:DSCSY) Issues Earnings Results

Disco (OTCMKTS:DSCSY) issued its quarterly earnings data on Thursday. The company reported $0.27 EPS for the quarter, Zacks reports. Disco had a net margin of 31.65% and a return on equity of 26.03%.

Disco Stock Performance

Shares of Disco stock traded down $0.65 during trading on Thursday, reaching $33.55. The company had a trading volume of 6,861 shares, compared to its average volume of 292,359. Disco has a fifty-two week low of $26.33 and a fifty-two week high of $58.00. The firm’s fifty day moving average is $36.23 and its 200-day moving average is $41.31. The company has a market cap of $36.41 billion, a price-to-earnings ratio of 38.56 and a beta of 1.56.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DSCSY shares. Zacks Research raised Disco from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

About Disco

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in the semiconductor and electronics industries. The company develops and produces systems for wafer dicing, grinding and polishing, as well as related consumables such as diamond wheels and other cutting tools.

Its products are used to separate semiconductor wafers into individual chips and to shape, thin and finish semiconductor materials with high precision. DISCO also provides equipment, tools and technical support for applications involving silicon, compound semiconductors and other electronic materials.

Founded in 1937 and headquartered in Tokyo, DISCO serves customers internationally through a global network of sales, service and production operations.