Disco (OTCMKTS:DSCSY) Reaches New 1-Year High – Here’s Why

Disco Corp (OTCMKTS:DSCSY) reached a new 52-week high on Wednesday . The company traded as high as $52.99 and last traded at $52.5150, with a volume of 19530 shares. The stock had previously closed at $49.4550.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Disco Stock Up 5.3%

The stock has a fifty day moving average of $39.34 and a 200-day moving average of $33.70. The stock has a market capitalization of $56.45 billion, a PE ratio of 65.07 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Wednesday, January 21st. The company reported $0.22 earnings per share (EPS) for the quarter. Disco had a return on equity of 25.92% and a net margin of 30.86%.The business had revenue of $709.53 million during the quarter. Equities research analysts expect that Disco Corp will post 0.7 EPS for the current 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.