Disco (OTCMKTS:DSCSY) Sets New 1-Year High – Still a Buy?

Disco Corp (OTCMKTS:DSCSY) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $50.44 and last traded at $49.2350, with a volume of 12966 shares traded. The stock had previously closed at $47.5175.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Disco from a “strong sell” rating to a “hold” rating in a research note 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Disco Stock Performance

The stock has a market cap of $53.41 billion, a price-to-earnings ratio of 61.56 and a beta of 1.54. The firm’s 50-day moving average price is $35.32 and its two-hundred day moving average price is $32.16.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share for the quarter. The business had revenue of $709.53 million during the quarter. Disco had a net margin of 30.86% and a return on equity of 25.92%. As a group, sell-side analysts expect 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.