Disco (OTCMKTS:DSCSY) Sees Strong Trading Volume – Time to Buy?

Disco Corp (OTCMKTS:DSCSY) saw unusually-high trading volume on Friday. Approximately 1,852,478 shares changed hands during mid-day trading, an increase of 551% from the previous session’s volume of 284,689 shares. The stock last traded at $33.50 and had previously closed at $34.55.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Disco currently has an average rating of “Strong Buy”.

Disco Stock Performance

The stock’s 50 day simple moving average is $36.65 and its 200-day simple moving average is $41.49. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 38.18 and a beta of 1.56.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.20 earnings per share for the quarter. The business had revenue of $717.28 million for the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%. On average, analysts expect that Disco Corp will post 1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Disco

An institutional investor recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC purchased a new stake in shares of Disco Corp (OTCMKTS:DSCSY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 237,250 shares of the company’s stock, valued at approximately $11,862,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

Disco Company Profile

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.