Disco (OTCMKTS:DSCSY) Stock Rating Lowered by Zacks Research

Disco (OTCMKTS:DSCSY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Separately, Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Disco has a consensus rating of “Moderate Buy”.

Disco Trading Down 3.5%

Shares of DSCSY stock opened at $28.21 on Monday. The company has a market cap of $30.61 billion, a price-to-earnings ratio of 30.01 and a beta of 1.67. The stock has a 50 day simple moving average of $34.02 and a 200-day simple moving average of $41.31. Disco has a 12-month low of $23.20 and a 12-month high of $58.00.

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

Institutional Trading of Disco

A hedge fund recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC bought a new position in shares of Disco Corp (OTCMKTS:DSCSY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Disco Company Profile

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.