Disco (OTCMKTS:DSCSY) Upgraded at Zacks Research

Zacks Research upgraded shares of Disco (OTCMKTS:DSCSY) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks reports.

Separately, Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. One investment 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, the company presently has a consensus rating of “Strong Buy”.

Disco Price Performance

Shares of DSCSY stock opened at $38.37 on Monday. The firm has a market cap of $41.64 billion, a P/E ratio of 44.10 and a beta of 1.56. Disco has a 1-year low of $26.33 and a 1-year high of $58.00. The firm’s 50-day simple moving average is $36.79 and its 200-day simple moving average is $41.69.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC purchased a new stake in shares of Disco Corp (OTCMKTS:DSCSY) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 237,250 shares of the company’s stock, valued at approximately $11,862,000. Institutional investors own 0.03% of the company’s stock.

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.