Zacks Investment Research Downgrades Disco (DSCSY) to Hold

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.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.49 EPS for the quarter. Disco had a return on equity of 17.98% and a net margin of 20.85%. sell-side analysts predict that Disco will post 1.93 EPS for the current fiscal year.

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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.

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