Zacks Research upgraded shares of Disco (OTCMKTS:DSCSY – Free Report) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
Disco Stock Down 3.4%
Disco stock opened at $30.02 on Tuesday. The firm has a market cap of $32.56 billion, a PE ratio of 38.99 and a beta of 1.54. The company’s 50 day moving average is $32.48 and its two-hundred day moving average is $28.17. Disco has a 52-week low of $16.10 and a 52-week high of $37.00.
Disco (OTCMKTS:DSCSY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.71%. The company had revenue of $709.55 million during the quarter. On average, equities research analysts anticipate that Disco will post 0.7 earnings per share for the current fiscal year.
About Disco
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. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.
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