Disco (OTCMKTS:DSCSY) Reaches New 52-Week High – What’s Next?

Disco Corp (OTCMKTS:DSCSY) shares hit a new 52-week high on Wednesday . The stock traded as high as $37.39 and last traded at $37.2050, with a volume of 27725 shares. The stock had previously closed at $35.99.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Disco Price Performance

The stock has a market cap of $40.39 billion, a PE ratio of 48.37 and a beta of 1.54. The stock has a 50-day simple moving average of $30.71 and a 200-day simple moving average of $30.48.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Wednesday, October 29th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $709.55 million during the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. As a group, equities research analysts anticipate that Disco Corp will post 0.7 EPS for the current 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.