Disco (OTCMKTS:DSCSY) Stock Price Up 2.7% – Here’s Why

Disco Corp (OTCMKTS:DSCSY) shares shot up 2.7% during trading on Friday . The stock traded as high as $31.23 and last traded at $31.23. 21,022 shares were traded during mid-day trading, a decline of 88% from the average session volume of 168,757 shares. The stock had previously closed at $30.41.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Disco Stock Performance

The company has a market cap of $33.80 billion, a price-to-earnings ratio of 40.48 and a beta of 1.55. The firm’s 50 day simple moving average is $31.05 and its 200-day simple moving average is $29.67.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results 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 firm had revenue of $709.55 million for the quarter. As a group, sell-side analysts expect that Disco Corp will post 0.7 EPS for the current fiscal 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.