Zacks Investment Research downgraded shares of Disco (OTCMKTS:DSCSY) from a buy rating to a hold rating in a research note published on Tuesday morning.

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. “

Disco (DSCSY) opened at $41.67 on Tuesday. Disco has a 52-week low of $29.08 and a 52-week high of $50.26. The company has a market cap of $6,770.14, a P/E ratio of 26.29, a P/E/G ratio of 1.12 and a beta of 2.10.

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About Disco

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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