Disco (OTCMKTS:DSCSY) Sees Strong Trading Volume – What’s Next?

Shares of Disco Corp (OTCMKTS:DSCSY) saw unusually-strong trading volume on Monday . Approximately 380,439 shares were traded during trading, an increase of 193% from the previous session’s volume of 130,055 shares.The stock last traded at $33.0350 and had previously closed at $31.45.

Analyst Upgrades and Downgrades

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

Disco Trading Up 5.4%

The stock has a market capitalization of $35.94 billion, a PE ratio of 43.04 and a beta of 1.54. The stock has a 50 day moving average price of $30.58 and a 200-day moving average price of $30.04.

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