Disco (OTCMKTS:DSCSY) Reaches New 52-Week High – Still a Buy?

Shares of Disco Corp (OTCMKTS:DSCSY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.99 and last traded at $52.5150, with a volume of 19530 shares. The stock had previously closed at $49.4550.

Analysts Set New Price Targets

Separately, Zacks Research raised Disco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Disco Stock Performance

The stock’s 50 day simple moving average is $39.34 and its two-hundred day simple moving average is $33.70. The firm has a market capitalization of $56.45 billion, a PE ratio of 65.07 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Wednesday, January 21st. The company reported $0.22 EPS for the quarter. The firm had revenue of $709.53 million during the quarter. Disco had a return on equity of 25.92% and a net margin of 30.86%. Equities research analysts expect that Disco Corp will post 0.7 earnings per share for the current fiscal year.

About Disco

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.