DISCO CORP/ADR (OTCMKTS:DSCSY) Downgraded to Underperform at Mizuho

DISCO CORP/ADR (OTCMKTS:DSCSY) was downgraded by Mizuho from a “buy” rating to an “underperform” rating in a report issued on Friday, The Fly reports.

A number of other research analysts have also issued reports on the company. Goldman Sachs Group upgraded DISCO CORP/ADR from a “neutral” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upgraded DISCO CORP/ADR from an “underweight” rating to a “neutral” rating in a research report on Wednesday, April 17th. Finally, Citigroup lowered DISCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold”.

OTCMKTS:DSCSY opened at $29.24 on Friday. DISCO CORP/ADR has a 12-month low of $21.64 and a 12-month high of $36.47. The company has a market cap of $5.43 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.17 and a beta of 2.19.

DISCO CORP/ADR 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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