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

Disco Corp (OTCMKTS:DSCSY)’s stock price 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Disco from a “strong sell” rating to a “hold” rating in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Disco Stock Performance

The stock’s 50-day moving average price is $31.14 and its two-hundred day moving average price is $29.66. The stock has a market capitalization of $32.98 billion, a PE ratio of 39.49 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 for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. The business had revenue of $709.55 million for the quarter. On average, analysts predict that Disco Corp will post 0.7 earnings per share 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.