Disco (OTCMKTS:DSCSY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Disco (OTCMKTS:DSCSY) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Disco Price Performance

Disco stock 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 P/E ratio of 57.41 and a beta of 1.60. Disco has a fifty-two week low of $18.30 and a fifty-two week high of $52.99.

Disco (OTCMKTS:DSCSY) last released its earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share 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, analysts expect that Disco will post 0.77 EPS for the current fiscal 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.