Disco (OTCMKTS:DSCSY) Upgraded to Hold at Zacks Research

Disco (OTCMKTS:DSCSY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Disco Price Performance

DSCSY stock opened at $31.09 on Tuesday. The company’s 50-day moving average is $32.39 and its 200-day moving average is $28.16. The stock has a market capitalization of $33.71 billion, a PE ratio of 40.37 and a beta of 1.54. Disco has a 1 year low of $16.10 and a 1 year high of $37.00.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.20 earnings per share for the quarter. Disco had a return on equity of 26.71% and a net margin of 30.85%.The business had revenue of $709.55 million for the quarter. On average, analysts anticipate that Disco 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.