Disco (OTCMKTS:DSCSY) Sees Large Volume Increase – Time to Buy?

Disco Corp (OTCMKTS:DSCSY) saw an uptick in trading volume on Monday . 147,470 shares changed hands during mid-day trading, a decline of 13% from the previous session’s volume of 169,874 shares.The stock last traded at $30.4025 and had previously closed at $30.41.

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 investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Disco Stock Up 1.7%

The stock has a fifty day simple moving average of $30.78 and a 200 day simple moving average of $29.91. The firm has a market capitalization of $33.38 billion, a P/E ratio of 39.97 and a beta of 1.55.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.20 earnings per share for the quarter. Disco had a return on equity of 26.06% and a net margin of 30.85%.The firm had revenue of $709.55 million during the quarter. Research analysts anticipate that Disco Corp will post 0.7 earnings per share 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.