Disco (OTCMKTS:DSCSY) Issues Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) released its quarterly earnings data on Thursday. The company reported $0.27 EPS for the quarter, Zacks reports. Disco had a net margin of 32.04% and a return on equity of 27.68%. The firm had revenue of $897.04 million during the quarter.

Disco Price Performance

Shares of OTCMKTS DSCSY traded down $1.36 during midday trading on Friday, reaching $31.07. 189,278 shares of the company traded hands, compared to its average volume of 256,061. The stock has a 50-day moving average price of $35.84 and a 200 day moving average price of $41.18. The company has a market cap of $33.72 billion, a price-to-earnings ratio of 33.05 and a beta of 1.56. Disco has a 52 week low of $26.33 and a 52 week high of $58.00.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

About Disco

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in the semiconductor and electronics industries. The company develops and produces systems for wafer dicing, grinding and polishing, as well as related consumables such as diamond wheels and other cutting tools.

Its products are used to separate semiconductor wafers into individual chips and to shape, thin and finish semiconductor materials with high precision. DISCO also provides equipment, tools and technical support for applications involving silicon, compound semiconductors and other electronic materials.

Founded in 1937 and headquartered in Tokyo, DISCO serves customers internationally through a global network of sales, service and production operations.