Disco (OTCMKTS:DSCSY) Cut to Hold at Zacks Research

Disco (OTCMKTS:DSCSY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Disco Stock Performance

DSCSY opened at $39.74 on Tuesday. Disco has a 52-week low of $22.08 and a 52-week high of $52.99. The stock has a market capitalization of $43.11 billion, a PE ratio of 48.46 and a beta of 1.63. The stock’s 50 day moving average price is $43.90 and its 200-day moving average price is $39.31.

Disco (OTCMKTS:DSCSY) last posted its earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. Disco had a return on equity of 26.03% and a net margin of 30.95%.The firm had revenue of $848.13 million for the quarter, compared to analysts’ expectations of $771.53 million. Research analysts forecast that Disco will post 1.07 EPS for the current fiscal year.

Disco Company Profile

Disco (OTCMKTS: DSCSY) is a manufacturer of precision processing equipment and consumables for the semiconductor and electronics industries. The company’s product portfolio includes wafer dicing saws, wafer thinning and grinding systems, laser dicing equipment, polishing systems, and diamond blades and wheels, along with associated tooling and process consumables designed for high-precision cutting and surface finishing.

Disco’s products are used in critical back-end semiconductor manufacturing steps such as dicing, singulation, thinning, surface preparation and polishing across applications including IC packaging, power devices, LEDs, MEMS and sensors.