Disco (OTCMKTS:DSCSY) Raised to “Strong-Buy” at Zacks Research

Disco (OTCMKTS:DSCSY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Disco Price Performance

Disco stock traded up $2.58 during trading on Monday, reaching $48.51. 11,654 shares of the company were exchanged, compared to its average volume of 334,706. Disco has a 52-week low of $18.30 and a 52-week high of $52.99. The company has a market capitalization of $52.62 billion, a P/E ratio of 60.63 and a beta of 1.60. The stock’s 50 day simple moving average is $44.68 and its two-hundred day simple moving average is $37.86.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. Disco had a return on equity of 25.92% and a net margin of 30.86%. As a group, equities analysts forecast that Disco will post 0.77 earnings per share for the current year.

About Disco

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.