Disco (OTCMKTS:DSCSY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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. “
Shares of Disco (OTCMKTS:DSCSY) traded down $2.50 during midday trading on Tuesday, hitting $44.49. The stock had a trading volume of 913 shares, compared to its average volume of 1,234. Disco has a 52 week low of $28.69 and a 52 week high of $50.26. The stock has a market capitalization of $7,331.85, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.22 and a beta of 2.10.
COPYRIGHT VIOLATION WARNING: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/06/zacks-investment-research-downgrades-disco-dscsy-to-hold.html.
Disco Company Profile
Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Disco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Disco and related companies with MarketBeat.com's FREE daily email newsletter.