Daqo New Energy Corp. (DQ) Trading 4.8% Higher
Daqo New Energy Corp. (NYSE:DQ)’s share price traded up 4.8% during mid-day trading on Monday . The stock traded as high as $26.22 and last traded at $25.80, with a volume of 116,985 shares changing hands. The stock had previously closed at $24.63.
Separately, Zacks Investment Research cut Daqo New Energy Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Daqo New Energy Corp. has a consensus rating of “Buy” and a consensus target price of $27.03.
The stock has a 50-day moving average price of $22.38 and a 200 day moving average price of $20.81. The company has a market cap of $269.30 million and a price-to-earnings ratio of 13.82.
A hedge fund recently raised its stake in Daqo New Energy Corp. stock. Royce & Associates LLC increased 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 Securities and Exchange Commission. The firm owned 83,300 shares of the company’s stock after buying an additional 7,900 shares during the period. Royce & Associates LLC owned about 0.79% of Daqo New Energy Corp. worth $1,387,000 as of its most recent SEC filing.
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.
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