Disco (OTCMKTS:DSCSY) Reaches New 12-Month High – What’s Next?

Disco Corp (OTCMKTS:DSCSY) reached a new 52-week high on Monday . The stock traded as high as $53.30 and last traded at $52.95, with a volume of 3574 shares. The stock had previously closed at $50.72.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Disco presently has a consensus rating of “Buy”.

Disco Trading Up 5.8%

The firm has a market cap of $58.22 billion, a price-to-earnings ratio of 65.45 and a beta of 1.54. The firm has a 50-day moving average of $44.19 and a two-hundred day moving average of $40.79.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%.The firm had revenue of $848.13 million for the quarter, compared to analyst estimates of $771.53 million. As a group, equities analysts anticipate that Disco Corp will post 1.07 EPS for the current 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.