Disco (OTCMKTS:DSCSY) Reaches New 12-Month High – Should You Buy?

Disco Corp (OTCMKTS:DSCSY – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $58.00 and last traded at $55.30, with a volume of 2260 shares trading hands. The stock had previously closed at $52.22.

Analyst Ratings Changes

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

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Check Out Our Latest Analysis on Disco

Disco Stock Up 1.0%

The business’s 50 day moving average is $45.41 and its 200 day moving average is $41.67. The company has a market cap of $60.24 billion, a P/E ratio of 67.72 and a beta of 1.54.

Disco (OTCMKTS:DSCSY – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $848.13 million for the quarter, compared to analysts’ expectations 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 forecast that Disco Corp will post 1.05 EPS for the current year.

About Disco

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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.

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