Disco (OTCMKTS:DSCSY) Sees Large Volume Increase – Time to Buy?

Disco Corp (OTCMKTS:DSCSYGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 198,553 shares changed hands during mid-day trading, a decline of 32% from the previous session’s volume of 290,913 shares.The stock last traded at $41.73 and had previously closed at $41.77.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Read Our Latest Analysis on Disco

Disco Trading Up 1.0%

The stock has a market cap of $45.77 billion, a price-to-earnings ratio of 51.45 and a beta of 1.50. The stock’s 50 day moving average is $45.39 and its two-hundred day moving average is $44.19.

Disco (OTCMKTS:DSCSYGet Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. Disco had a net margin of 30.95% and a return on equity of 25.27%. The business had revenue of $848.13 million during the quarter, compared to analysts’ expectations of $771.53 million. On average, sell-side analysts predict that Disco Corp will post 1.05 EPS for the current year.

About Disco

(Get Free Report)

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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