DISCO (OTCMKTS:DSCSY) Reaches New 12-Month High - What's Next?

Key Points

• DISCO CORP (OTCMKTS:DSCSY) reached a new 52-week high, trading at $35.60, with the last traded price at $34.95, significantly up from its prior close of $31.76.
• Macquarie upgraded DISCO's rating from "hold" to "strong-buy", contributing to an average analysts' rating of "Buy" for the company.
• In its latest quarterly report, DISCO posted an EPS of $0.15, exceeding estimates, and reported revenue of $622.39 million, beating analyst expectations of $575.52 million.

DISCO CORP (OTCMKTS:DSCSY - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $35.60 and last traded at $34.95, with a volume of 37298 shares. The stock had previously closed at $31.76.

Wall Street Analysts Forecast Growth

Separately, Macquarie upgraded DISCO from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, DISCO currently has an average rating of "Buy".

DISCO Trading Up 9.6%

The firm has a market cap of $37.73 billion, a price-to-earnings ratio of 46.39 and a beta of 1.49. The firm has a 50-day moving average of $28.67 and a two-hundred day moving average of $25.17.

DISCO (OTCMKTS:DSCSY - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. DISCO had a return on equity of 26.62% and a net margin of 30.90%.The company had revenue of $622.39 million during the quarter, compared to analyst estimates of $575.52 million. As a group, equities analysts anticipate that DISCO CORP will post 0.7 EPS for the current year.

DISCO Company Profile

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.

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