Disco (OTCMKTS:DSCSY) Shares Gap Up – Time to Buy?

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $49.14, but opened at $52.91. Disco shares last traded at $51.49, with a volume of 95,067 shares trading hands.

Analysts Set New Price Targets

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

Disco Trading Up 5.2%

The stock has a market capitalization of $56.08 billion, a price-to-earnings ratio of 63.05 and a beta of 1.54. The firm’s fifty day moving average price is $45.98 and its 200 day moving average price is $42.17.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%.The company had revenue of $848.13 million for the quarter, compared to analyst estimates of $771.53 million. On average, analysts forecast that Disco Corp will post 1.05 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.