DISCO CORP/ADR (DSCSY) Raised to “Neutral” at JPMorgan Chase & Co.

DISCO CORP/ADR (OTCMKTS:DSCSY) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Wednesday, The Fly reports.

DSCSY has been the subject of several other research reports. Jefferies Financial Group lowered DISCO CORP/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Citigroup lowered DISCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 13th.

OTCMKTS DSCSY remained flat at $$32.52 on Wednesday. The company’s stock had a trading volume of 27 shares, compared to its average volume of 1,989. DISCO CORP/ADR has a 1-year low of $21.64 and a 1-year high of $42.82. The stock has a market cap of $5.84 billion, a PE ratio of 16.51, a P/E/G ratio of 1.14 and a beta of 2.07.

DISCO CORP/ADR (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, January 30th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. DISCO CORP/ADR had a return on equity of 16.30% and a net margin of 20.95%. The business had revenue of $301.68 million during the quarter, compared to analysts’ expectations of $327.27 million. Equities analysts expect that DISCO CORP/ADR will post 1.3 earnings per share for the current fiscal year.

DISCO CORP/ADR 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, as well as products for dicing before grinding process and package singulation.

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