Disco (OTCMKTS:DSCSY) Announces Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) posted its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, Zacks reports. Disco had a net margin of 31.65% and a return on equity of 26.03%.

Disco Price Performance

OTCMKTS:DSCSY opened at $34.20 on Thursday. The stock has a market cap of $37.11 billion, a P/E ratio of 39.31 and a beta of 1.56. The firm has a 50-day moving average of $36.23 and a two-hundred day moving average of $41.31. Disco has a 1-year low of $26.33 and a 1-year high of $58.00.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DSCSY shares. Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

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.