Disco (OTCMKTS:DSCSY) Downgraded by Zacks Research to Hold

Disco (OTCMKTS:DSCSY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Disco Price Performance

OTCMKTS DSCSY opened at $28.21 on Monday. Disco has a fifty-two week low of $23.20 and a fifty-two week high of $58.00. The stock’s 50-day moving average is $34.02 and its two-hundred day moving average is $41.31. The firm has a market cap of $30.61 billion, a P/E ratio of 30.01 and a beta of 1.67.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $897.04 million during the quarter. Disco had a return on equity of 27.68% and a net margin of 32.04%. On average, equities analysts expect that Disco will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new stake in shares of Disco Corp (OTCMKTS:DSCSY) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

Disco Company Profile

DISCO Corporation develops and manufactures precision processing equipment and tools used in semiconductor and electronic-component production. Its products include grinding, dicing and polishing machines, along with the blades and other consumables used in those processes. The company’s technologies help manufacturers cut, thin and shape semiconductor wafers and other hard, brittle materials. DISCO serves customers in the global semiconductor industry and maintains operations and support for customers in markets around the world.