Disco (OTCMKTS:DSCSY) Trading Up 5.4% - Should You Buy?

Disco Co. (OTCMKTS:DSCSY - Get Free Report) was up 5.4% on Thursday . The company traded as high as $21.83 and last traded at $21.24. Approximately 125,180 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 245,858 shares. The stock had previously closed at $20.15.

Wall Street Analyst Weigh In

Separately, Nomura Securities upgraded Disco to a "hold" rating in a research note on Friday, February 21st.

Disco Trading Up 8.3%

The stock has a market capitalization of $25.02 billion, a price-to-earnings ratio of 31.62 and a beta of 1.23. The stock has a 50-day simple moving average of $20.52 and a 200 day simple moving average of $25.58.

Disco (OTCMKTS:DSCSY - Get Free Report) last issued its earnings results on Thursday, April 17th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Disco had a return on equity of 28.36% and a net margin of 32.04%. The company had revenue of $791.78 million for the quarter, compared to analyst estimates of $725.68 million. Sell-side analysts expect that Disco Co. will post 0.7 earnings per share for the current fiscal 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.