Zacks Research Downgrades Disco (OTCMKTS:DSCSY) to Hold

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

Disco Stock Up 3.2%

Shares of OTCMKTS:DSCSY opened at $39.74 on Tuesday. The company has a market cap of $43.11 billion, a PE ratio of 48.46 and a beta of 1.63. The company’s 50-day moving average price is $43.90 and its 200 day moving average price is $39.31. Disco has a fifty-two week low of $22.08 and a fifty-two week high of $52.99.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. Disco had a net margin of 30.95% and a return on equity of 26.03%. The company had revenue of $848.13 million for the quarter, compared to the consensus estimate of $771.53 million. As a group, equities analysts anticipate that Disco will post 1.07 EPS 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.