Disco (OTCMKTS:DSCSY) Shares Gap Up – Time to Buy?

Shares of Disco Corp (OTCMKTS:DSCSY) gapped up before the market opened on Tuesday . The stock had previously closed at $29.95, but opened at $31.2099. Disco shares last traded at $29.9750, with a volume of 19,458 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Disco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Disco Stock Up 0.0%

The firm has a 50-day moving average of $31.31 and a 200 day moving average of $29.60. The stock has a market capitalization of $32.49 billion, a P/E ratio of 38.91 and a beta of 1.55.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $709.55 million during the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. Analysts predict that Disco Corp will post 0.7 EPS 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.