Disco (OTCMKTS:DSCSY) Hits New 12-Month High – Should You Buy?

Shares of Disco Corp (OTCMKTS:DSCSY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $37.39 and last traded at $37.2050, with a volume of 27725 shares trading hands. The stock had previously closed at $35.99.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Disco Price Performance

The business has a fifty day moving average of $30.94 and a 200 day moving average of $30.58. The stock has a market cap of $41.16 billion, a PE ratio of 49.29 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Wednesday, October 29th. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a return on equity of 26.06% and a net margin of 30.85%.The company had revenue of $709.55 million for the quarter. On average, equities research analysts expect that Disco Corp will post 0.7 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.