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

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

Disco Trading Up 3.2%

Disco stock opened at $39.74 on Tuesday. The business’s fifty day simple moving average is $43.90 and its two-hundred day simple moving average is $39.31. Disco has a 12 month low of $22.08 and a 12 month high of $52.99. The company has a market capitalization of $43.11 billion, a price-to-earnings ratio of 48.46 and a beta of 1.63.

Disco (OTCMKTS:DSCSY) last released its earnings results on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. Disco had a return on equity of 26.03% and a net margin of 30.95%.The business had revenue of $848.13 million for the quarter, compared to the consensus estimate of $771.53 million. On average, equities research analysts predict that Disco will post 1.07 EPS 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.