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

Zacks Research upgraded shares of Disco (OTCMKTS:DSCSY) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks reports.

Separately, Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Disco has a consensus rating of “Strong Buy”.

Disco Stock Up 1.2%

Disco stock opened at $40.79 on Monday. Disco has a twelve month low of $26.33 and a twelve month high of $58.00. The business has a fifty day moving average of $36.65 and a two-hundred day moving average of $41.73. The firm has a market cap of $44.27 billion, a P/E ratio of 46.89 and a beta of 1.56.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.20 EPS for the quarter. The firm had revenue of $717.28 million during the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%. Equities analysts expect that Disco will post 1.11 earnings per share for the current year.

Institutional Trading of Disco

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new position in Disco Corp (OTCMKTS:DSCSY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

Disco Company Profile

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.