Disco (OTCMKTS:DSCSY) Shares Gap Up – Still a Buy?

Shares of Disco Corp (OTCMKTS:DSCSY) gapped up prior to trading on Thursday . The stock had previously closed at $50.11, but opened at $54.93. Disco shares last traded at $54.25, with a volume of 860,599 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One research 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, the company presently has a consensus rating of “Buy”.

Disco Price Performance

The firm has a market capitalization of $59.72 billion, a PE ratio of 67.14 and a beta of 1.54. The business has a 50-day simple moving average of $44.87 and a 200-day simple moving average of $41.29.

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