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

Disco Corp (OTCMKTS:DSCSY) gapped up prior to trading on Friday . The stock had previously closed at $30.46, but opened at $32.00. Disco shares last traded at $31.36, with a volume of 3,173 shares.

Analyst Ratings Changes

Separately, Zacks Research raised Disco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Disco presently has a consensus rating of “Moderate Buy”.

Disco Stock Performance

The company has a market capitalization of $33.95 billion, a price-to-earnings ratio of 40.66 and a beta of 1.54. The company has a fifty day simple moving average of $30.65 and a two-hundred day simple moving average of $29.92.

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

Disco Company Profile

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.