Disco (OTCMKTS:DSCSY) Sees Large Volume Increase – Here’s Why

Disco Corp (OTCMKTS:DSCSY) saw strong trading volume on Friday . 1,291,178 shares traded hands during mid-day trading, an increase of 202% from the previous session’s volume of 427,536 shares.The stock last traded at $42.4707 and had previously closed at $40.80.

Wall Street Analyst Weigh In

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

Disco Stock Down 2.7%

The firm has a market cap of $46.46 billion, a price-to-earnings ratio of 53.56 and a beta of 1.54. The company’s 50-day moving average price is $31.77 and its 200-day moving average price is $30.94.

Disco (OTCMKTS:DSCSY) last posted its earnings results on Wednesday, January 21st. The company reported $0.22 EPS for the quarter. Disco had a net margin of 30.86% and a return on equity of 26.21%. The firm had revenue of $709.53 million for the quarter. On average, sell-side 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.