Disco (DSCSY) Lifted to “Buy” at Zacks Investment Research
Disco (OTCMKTS:DSCSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $48.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.15% from the stock’s previous close.
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 (DSCSY) traded down $0.25 during midday trading on Wednesday, reaching $42.80. 551 shares of the company traded hands, compared to its average volume of 312. The stock has a market capitalization of $6,717.09, a PE ratio of 33.63 and a beta of 3.15. Disco has a 52-week low of $22.41 and a 52-week high of $49.56.
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