Disco (OTCMKTS:DSCSY) Shares Gap Up – Still a Buy?

Disco Corp (OTCMKTS:DSCSY) gapped up prior to trading on Thursday . The stock had previously closed at $50.11, but opened at $54.93. Disco shares last traded at $54.25, with a volume of 860,599 shares.

Wall Street Analyst Weigh In

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

Disco Trading Up 5.4%

The firm’s 50 day simple moving average is $44.87 and its 200 day simple moving average is $41.29. The firm has a market cap of $59.72 billion, a PE ratio of 67.14 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $848.13 million during the quarter, compared to analyst estimates of $771.53 million. Disco had a return on equity of 25.27% and a net margin of 30.95%. As a group, equities research analysts predict that Disco Corp will post 1.07 earnings per share for the current fiscal 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.