Zacks Investment Research upgraded shares of Disco (OTCMKTS:DSCSY) from a hold rating to a buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $48.00 target price on the stock.
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 (OTCMKTS DSCSY) traded up $1.55 on Wednesday, hitting $44.35. The company’s stock had a trading volume of 828 shares, compared to its average volume of 303. Disco has a 1 year low of $22.41 and a 1 year high of $49.56. The firm has a market cap of $6,717.09, a P/E ratio of 33.63 and a beta of 3.15.
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