Disco (OTCMKTS:DSCSY) Sees Strong Trading Volume – Here’s What Happened

Shares of Disco Corp (OTCMKTS:DSCSY) saw strong trading volume on Monday . Approximately 381,633 shares changed hands during trading, an increase of 28% from the previous session’s volume of 297,277 shares.The stock last traded at $47.30 and had previously closed at $45.1250.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Disco from a “strong-buy” rating to a “hold” rating in a 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Disco Price Performance

The company has a market capitalization of $51.42 billion, a PE ratio of 57.80 and a beta of 1.50. The firm has a 50-day moving average of $46.33 and a 200 day moving average of $43.05.

Disco (OTCMKTS:DSCSY) last issued its earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. The business had revenue of $848.13 million during the quarter, compared to analyst estimates of $771.53 million. Disco had a return on equity of 25.27% and a net margin of 30.95%. Equities analysts expect that Disco Corp will post 1.05 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.