Disco (OTCMKTS:DSCSY) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Disco (OTCMKTS:DSCSY) from a strong-buy rating to a hold rating in a research note released 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Disco Stock Performance

Shares of Disco stock opened at $28.21 on Monday. Disco has a one year low of $23.20 and a one year high of $58.00. The company has a market cap of $30.61 billion, a PE ratio of 30.01 and a beta of 1.67. The business has a 50-day simple moving average of $34.02 and a 200-day simple moving average of $41.31.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, October 22nd. The company reported $0.27 earnings per share for the quarter. The firm had revenue of $897.04 million for the quarter. Disco had a net margin of 32.04% and a return on equity of 27.68%. On average, sell-side analysts predict that Disco will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

About Disco

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.