Disco (OTCMKTS:DSCSY) Stock Price Up 14.7% – Time to Buy?

Disco Corp (OTCMKTS:DSCSY)’s share price traded up 14.7% during trading on Friday. The company traded as high as $26.65 and last traded at $26.62. Approximately 6,564 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 292,355 shares. The stock had previously closed at $23.20.

Analyst Ratings Changes

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

Disco Trading Up 13.7%

The company’s 50 day moving average price is $34.54 and its two-hundred day moving average price is $41.50. The firm has a market cap of $28.63 billion, a PE ratio of 28.06 and a beta of 1.67.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.27 EPS for the quarter. Disco had a return on equity of 27.68% and a net margin of 32.04%. The company had revenue of $897.04 million for the quarter. Equities research analysts expect that Disco Corp will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Disco

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new stake in shares of Disco Corp (OTCMKTS:DSCSY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is owned by institutional investors.

Disco Company Profile

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.