Disco (OTCMKTS:DSCSY) Shares Up 4.4% – What’s Next?

Disco Corp (OTCMKTS:DSCSY) shot up 4.4% during trading on Tuesday. The stock traded as high as $36.80 and last traded at $36.70. Approximately 2,981 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 294,320 shares. The stock had previously closed at $35.15.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Disco Stock Performance

The firm’s 50-day simple moving average is $36.57 and its 200 day simple moving average is $41.94. The stock has a market capitalization of $40.32 billion, a P/E ratio of 42.71 and a beta of 1.54.

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

Institutional Investors Weigh In On Disco

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