Disco (OTCMKTS:DSCSY) Hits New 12-Month High – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $39.50 and last traded at $39.50, with a volume of 143713 shares traded. The stock had previously closed at $36.78.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Disco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Disco Stock Performance

The stock has a market capitalization of $44.25 billion, a price-to-earnings ratio of 52.99 and a beta of 1.54. The business has a 50-day moving average of $31.29 and a 200-day moving average of $30.78.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. Equities analysts predict that Disco Corp will post 0.7 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.