Disco (OTCMKTS:DSCSY) Shares Gap Up – Should You Buy?

Disco Corp (OTCMKTS:DSCSY) shares gapped up before the market opened on Thursday . The stock had previously closed at $41.07, but opened at $45.68. Disco shares last traded at $44.42, with a volume of 5,208 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Disco currently has an average rating of “Buy”.

Disco Trading Up 2.3%

The stock’s 50-day moving average price is $43.59 and its two-hundred day moving average price is $40.01. The stock has a market capitalization of $48.04 billion, a P/E ratio of 54.01 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last released its earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $848.13 million during the quarter, compared to the consensus estimate of $771.53 million. Disco had a net margin of 30.95% and a return on equity of 25.27%. On average, equities research analysts predict that Disco Corp will post 1.07 earnings per share for the current 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.