Zacks Research Upgrades Disco (OTCMKTS:DSCSY) to Strong-Buy

Disco (OTCMKTS:DSCSY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

Separately, Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, Disco has a consensus rating of “Strong Buy”.

Disco Trading Up 1.2%

Shares of OTCMKTS DSCSY opened at $40.79 on Monday. The firm’s 50-day moving average price is $36.65 and its 200-day moving average price is $41.73. The stock has a market capitalization of $44.27 billion, a price-to-earnings ratio of 46.89 and a beta of 1.56. Disco has a 12-month low of $26.33 and a 12-month high of $58.00.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.20 EPS for the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%.The company had revenue of $717.28 million during the quarter. On average, equities analysts predict that Disco will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Disco

A hedge fund recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC purchased a new stake in shares of Disco Corp (OTCMKTS:DSCSY) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is currently owned by institutional investors.

About Disco

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.