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

Shares of Disco Corp (OTCMKTS:DSCSY) saw unusually-strong trading volume on Friday . Approximately 252,159 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 218,837 shares.The stock last traded at $37.89 and had previously closed at $37.89.

Analyst Ratings Changes

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

Disco Price Performance

The firm has a market cap of $41.16 billion, a P/E ratio of 49.29 and a beta of 1.54. The company’s 50 day moving average is $31.07 and its two-hundred day moving average is $30.65.

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