DAQO New Energy Corp. (DQ) Earning Somewhat Positive News Coverage, Report Shows
News articles about DAQO New Energy Corp. (NYSE:DQ) have trended somewhat positive on Saturday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DAQO New Energy Corp. earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.1601570639122 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- DAQO New Energy Corp. American (NYSE:DQ) Experiences Lighter than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- DAQO New Energy Corp. American (NYSE:DQ) Sees Light Trading Volume with 3865 Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Zacks Investment Research Upgrades DAQO New Energy Corp. (DQ) to “Buy” (americanbankingnews.com)
- DAQO New Energy Corp. (DQ) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of DAQO New Energy Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine upgraded shares of DAQO New Energy Corp. from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of DAQO New Energy Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Roth Capital set a $35.00 price target on shares of DAQO New Energy Corp. and gave the stock a “buy” rating in a research note on Sunday, August 20th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $36.00.
DAQO New Energy Corp. (DQ) traded down 1.59% on Friday, reaching $29.02. 76,820 shares of the company were exchanged. DAQO New Energy Corp. has a 12-month low of $18.01 and a 12-month high of $30.80. The firm has a 50-day moving average of $26.09 and a 200 day moving average of $22.33. The firm has a market capitalization of $305.55 million, a P/E ratio of 6.06 and a beta of 1.79.
DAQO New Energy Corp. (NYSE:DQ) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.19). The company had revenue of $76.00 million for the quarter, compared to the consensus estimate of $71.80 million. DAQO New Energy Corp. had a net margin of 19.35% and a return on equity of 18.90%. During the same quarter last year, the company earned $1.87 EPS. On average, equities analysts predict that DAQO New Energy Corp. will post $5.88 earnings per share for the current year.
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DAQO New Energy Corp. Company Profile
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.
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