Disco (OTCMKTS:DSCSY) Issues Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) released its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, Zacks reports. Disco had a return on equity of 26.03% and a net margin of 31.65%.

Disco Stock Performance

Shares of DSCSY stock opened at $34.20 on Thursday. Disco has a 52 week low of $26.33 and a 52 week high of $58.00. The stock has a market capitalization of $37.11 billion, a PE ratio of 39.31 and a beta of 1.56. The stock’s fifty day moving average is $36.23 and its 200-day moving average is $41.31.

Analyst Ratings Changes

A number of research analysts recently commented on DSCSY shares. Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

About Disco

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in the semiconductor and electronics industries. The company develops and produces systems for wafer dicing, grinding and polishing, as well as related consumables such as diamond wheels and other cutting tools.

Its products are used to separate semiconductor wafers into individual chips and to shape, thin and finish semiconductor materials with high precision. DISCO also provides equipment, tools and technical support for applications involving silicon, compound semiconductors and other electronic materials.

Founded in 1937 and headquartered in Tokyo, DISCO serves customers internationally through a global network of sales, service and production operations.