Disco (OTCMKTS:DSCSY) Cut to “Hold” at Zacks Research

by · The Cerbat Gem

Disco (OTCMKTS:DSCSY – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

View Our Latest Stock Report on DSCSY

Disco Price Performance

Shares of DSCSY opened at $28.21 on Monday. The company has a market capitalization of $30.61 billion, a price-to-earnings ratio of 30.01 and a beta of 1.67. Disco has a fifty-two week low of $23.20 and a fifty-two week high of $58.00. The business’s 50-day moving average is $34.02 and its 200-day moving average is $41.31.

Disco (OTCMKTS:DSCSY – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.27 EPS for the quarter. Disco had a net margin of 32.04% and a return on equity of 27.68%. The business had revenue of $897.04 million during the quarter. Equities research analysts expect that Disco will post 1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Disco

An institutional investor recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC bought a new stake in Disco Corp (OTCMKTS:DSCSY – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is owned by institutional investors and hedge funds.

About Disco

(Get Free Report)

DISCO Corporation develops and manufactures precision processing equipment and tools used in semiconductor and electronic-component production. Its products include grinding, dicing and polishing machines, along with the blades and other consumables used in those processes. The company’s technologies help manufacturers cut, thin and shape semiconductor wafers and other hard, brittle materials. DISCO serves customers in the global semiconductor industry and maintains operations and support for customers in markets around the world.

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