Daqo New Energy Corp. (DQ) Trading Down 4.5%
Daqo New Energy Corp. (NYSE:DQ) was down 4.5% on Thursday . The stock traded as low as $21.28 and last traded at $21.83, with a volume of 50,202 shares traded. The stock had previously closed at $22.85.
Several equities research analysts have weighed in on DQ shares. TheStreet raised Daqo New Energy Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, March 24th. Zacks Investment Research cut Daqo New Energy Corp. from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Daqo New Energy Corp. presently has a consensus rating of “Buy” and a consensus price target of $27.03.
The company’s 50-day moving average price is $22.55 and its 200-day moving average price is $20.05. The firm has a market cap of $229.44 million and a PE ratio of 11.78.
Daqo New Energy Corp. (NYSE:DQ) last posted its earnings results on Tuesday, May 10th. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.45. The business had revenue of $57.70 million for the quarter, compared to analyst estimates of $58.10 million. During the same quarter last year, the business earned $0.12 earnings per share. Equities analysts forecast that Daqo New Energy Corp. will post $3.89 EPS for the current year.
A hedge fund recently raised its stake in Daqo New Energy Corp. stock. Royce & Associates LLC raised its position in shares of Daqo New Energy Corp. (NYSE:DQ) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 83,300 shares of the company’s stock after buying an additional 7,900 shares during the period. Royce & Associates LLC owned 0.79% of Daqo New Energy Corp. worth $1,387,000 at the end of the most recent quarter.
Daqo New Energy Corp. is a holding company. The Company is a polysilicon manufacturer. It manufactures and sells polysilicon to photovoltaic product manufacturers, who further process its polysilicon into ingots, wafers, cells and modules for solar power solutions. Its segments include Polysilicon and Wafer.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.