Disco Corporation (NASDAQ:DSCSY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “DISCO Corporation manufactures and sells precision cutting, grinding and polishing machines primarily in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws, as well as products for dicing before grinding process and package singulation. The company also manufactures and sells precision diamond abrasive tools; and offers processing services. DISCO Corporation is headquartered in Tokyo, Japan. “

Disco Corporation (DSCSY) traded up 0.32% during midday trading on Tuesday, hitting $42.70. The stock had a trading volume of 252 shares. Disco Corporation has a 52 week low of $22.41 and a 52 week high of $42.76. The firm has a market cap of $7.66 billion and a price-to-earnings ratio of 28.65.

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