Disco (OTCMKTS:DSCSY) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Disco (OTCMKTS:DSCSY) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Disco Price Performance

DSCSY stock opened at $39.74 on Tuesday. Disco has a 1-year low of $22.08 and a 1-year 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. The business has a 50 day simple moving average of $43.90 and a two-hundred day simple moving average of $39.31.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share 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 during the quarter, compared to the consensus estimate of $771.53 million. Sell-side analysts anticipate that Disco will post 1.07 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.