DISCO (OTCMKTS:DSCSY) Rating Increased to Strong-Buy at Macquarie

Macquarie upgraded shares of DISCO (OTCMKTS:DSCSY - Free Report) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

DISCO Stock Performance

OTCMKTS DSCSY traded down $0.23 on Wednesday, hitting $29.28. The stock had a trading volume of 97,943 shares, compared to its average volume of 88,006. The firm has a 50-day moving average of $24.71 and a 200-day moving average of $24.84. DISCO has a 52-week low of $16.10 and a 52-week high of $40.38. The company has a market capitalization of $31.75 billion, a price-to-earnings ratio of 39.87 and a beta of 1.35.

DISCO (OTCMKTS:DSCSY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. DISCO had a return on equity of 27.83% and a net margin of 31.51%. The company had revenue of $791.78 million for the quarter, compared to the consensus estimate of $725.68 million. As a group, research analysts anticipate that DISCO will post 0.7 earnings per share for the current fiscal year.

DISCO Company Profile

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.