Disco (OTCMKTS:DSCSY) Stock Price Up 9% – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY)’s stock price was up 9% during mid-day trading on Tuesday . The company traded as high as $34.3780 and last traded at $34.27. Approximately 27,362 shares traded hands during trading, a decline of 93% from the average daily volume of 367,500 shares. The stock had previously closed at $31.45.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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 company. Based on data from MarketBeat, Disco presently has a consensus rating of “Moderate Buy”.

Disco Stock Performance

The company has a market cap of $37.17 billion, a P/E ratio of 44.51 and a beta of 1.54. The business’s 50-day moving average price is $30.53 and its 200 day moving average price is $30.09.

Disco (OTCMKTS:DSCSY) last issued its earnings results on Wednesday, October 29th. The company reported $0.20 earnings per share (EPS) 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 during the quarter. Equities research analysts forecast that Disco Corp will post 0.7 earnings per share 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.