Disco (OTCMKTS:DSCSY) Sees Unusually-High Trading Volume – Still a Buy?

Disco Corp (OTCMKTS:DSCSY) shares saw an uptick in trading volume on Friday . 360,827 shares traded hands during trading, an increase of 123% from the previous session’s volume of 161,934 shares.The stock last traded at $29.7575 and had previously closed at $28.90.

Analysts Set New Price Targets

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

Disco Stock Performance

The company has a market capitalization of $32.23 billion, a P/E ratio of 38.60 and a beta of 1.55. The stock’s fifty day moving average price is $32.12 and its 200-day moving average price is $29.00.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a return on equity of 26.06% and a net margin of 30.85%.The firm had revenue of $709.55 million for the quarter. On average, research analysts predict that Disco Corp will post 0.7 EPS 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.