Disco (OTCMKTS:DSCSY) Shares Up 2.7% – What’s Next?

Shares of Disco Corp (OTCMKTS:DSCSY) were up 2.7% on Friday . The stock traded as high as $31.23 and last traded at $31.23. Approximately 21,022 shares traded hands during trading, a decline of 88% from the average daily volume of 168,757 shares. The stock had previously closed at $30.41.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Disco Price Performance

The company has a market cap of $33.80 billion, a PE ratio of 40.48 and a beta of 1.55. The company’s 50 day simple moving average is $31.05 and its two-hundred day simple moving average is $29.67.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. The firm had revenue of $709.55 million for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. Sell-side analysts expect that Disco Corp will post 0.7 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.