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

Disco Corp (OTCMKTS:DSCSY) saw unusually-high trading volume on Wednesday . Approximately 277,329 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 294,149 shares.The stock last traded at $43.8260 and had previously closed at $44.08.

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 Hold rating, According to data from MarketBeat, Disco currently has an average rating of “Hold”.

Disco Price Performance

The firm has a 50-day simple moving average of $46.02 and a two-hundred day simple moving average of $43.80. The company has a market cap of $47.30 billion, a PE ratio of 53.17 and a beta of 1.50.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share 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 during the quarter, compared to analysts’ expectations of $771.53 million. Equities research analysts forecast that Disco Corp will post 1.05 EPS 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.