Disco (OTCMKTS:DSCSY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The firm presently has a $55.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 16.82% from the stock’s previous close.
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 (DSCSY) traded up $0.99 during midday trading on Wednesday, hitting $47.08. 162 shares of the company’s stock were exchanged, compared to its average volume of 1,250. The company has a market capitalization of $7,256.96, a PE ratio of 29.06, a PEG ratio of 1.20 and a beta of 2.10. Disco has a 12-month low of $29.08 and a 12-month high of $50.26.
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Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines 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.
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