Disco (OTCMKTS:DSCSY) Upgraded at Zacks Research

Disco (OTCMKTS:DSCSY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Disco Stock Down 0.9%

Shares of OTCMKTS DSCSY opened at $45.93 on Monday. The firm’s 50-day simple moving average is $44.68 and its 200 day simple moving average is $37.86. The company has a market cap of $49.82 billion, a price-to-earnings ratio of 57.41 and a beta of 1.60. Disco has a 12-month low of $18.30 and a 12-month high of $52.99.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $709.53 million for the quarter. Disco had a net margin of 30.86% and a return on equity of 25.92%. On average, equities analysts expect that Disco will post 0.77 earnings per share for the current year.

About Disco

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.