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

Disco Corp (OTCMKTS:DSCSY) gapped up before the market opened on Monday . The stock had previously closed at $41.16, but opened at $45.33. Disco shares last traded at $46.55, with a volume of 11,942 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One investment 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, the stock presently has an average rating of “Moderate Buy”.

Disco Stock Up 4.5%

The firm has a market capitalization of $51.35 billion, a PE ratio of 59.19 and a beta of 1.54. The company has a 50-day moving average of $34.91 and a 200 day moving average of $32.03.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Wednesday, January 21st. The company reported $0.22 earnings per share for the quarter. Disco had a return on equity of 25.92% and a net margin of 30.86%.The business had revenue of $709.53 million for the quarter. As a group, equities analysts anticipate that Disco Corp will post 0.7 EPS 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.