Disco (OTCMKTS:DSCSY) Shares Climb 14.7% – Time to Buy?

Disco Corp (OTCMKTS:DSCSY) shares were up 14.7% during trading on Friday. The company traded as high as $26.65 and last traded at $26.62. Approximately 6,564 shares were traded during trading, a decline of 98% from the average daily volume of 292,355 shares. The stock had previously closed at $23.20.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. Zacks Research raised Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Disco Price Performance

The company has a market capitalization of $28.63 billion, a P/E ratio of 28.06 and a beta of 1.67. The firm has a fifty day moving average price of $34.54 and a 200-day moving average price of $41.50.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter. Disco had a return on equity of 27.68% and a net margin of 32.04%. The business had revenue of $897.04 million during the quarter. On average, research analysts forecast that Disco Corp will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Disco

A hedge fund recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC purchased a new stake in shares of Disco Corp (OTCMKTS:DSCSY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 237,250 shares of the company’s stock, valued at approximately $11,862,000. Institutional investors own 0.03% of the company’s stock.

Disco Company Profile

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in the semiconductor and electronics industries. The company develops and produces systems for wafer dicing, grinding and polishing, as well as related consumables such as diamond wheels and other cutting tools.

Its products are used to separate semiconductor wafers into individual chips and to shape, thin and finish semiconductor materials with high precision. DISCO also provides equipment, tools and technical support for applications involving silicon, compound semiconductors and other electronic materials.

Founded in 1937 and headquartered in Tokyo, DISCO serves customers internationally through a global network of sales, service and production operations.