Daqo New Energy (NYSE:DQ) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Daqo New Energy (NYSE:DQ – Get Rating) in a report issued on Thursday morning. The firm issued a hold rating on the semiconductor company’s stock.

Separately, The Goldman Sachs Group downgraded Daqo New Energy from a buy rating to a neutral rating and lowered their price target for the company from $140.00 to $70.00 in a report on Monday, December 5th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $75.00.

Daqo New Energy Trading Down 5.3 %

Shares of NYSE DQ opened at $45.68 on Thursday. Daqo New Energy has a twelve month low of $36.03 and a twelve month high of $77.18. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 1.90 and a beta of 0.52. The business has a 50 day simple moving average of $45.90 and a 200-day simple moving average of $49.23.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its stake in Daqo New Energy by 7.9% during the 4th quarter. Voya Investment Management LLC now owns 6,194 shares of the semiconductor company’s stock worth $239,000 after buying an additional 455 shares during the last quarter. Natixis bought a new position in Daqo New Energy during the 4th quarter worth $383,000. Macquarie Group Ltd. grew its stake in Daqo New Energy by 13.7% during the 4th quarter. Macquarie Group Ltd. now owns 7,076 shares of the semiconductor company’s stock worth $273,000 after buying an additional 855 shares during the last quarter. Seaport Global Advisors LLC grew its stake in Daqo New Energy by 20.1% during the 4th quarter. Seaport Global Advisors LLC now owns 2,781 shares of the semiconductor company’s stock worth $107,000 after buying an additional 465 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in Daqo New Energy by 102.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 395,484 shares of the semiconductor company’s stock worth $15,270,000 after buying an additional 200,393 shares during the last quarter.

Daqo New Energy Company Profile

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Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules for solar power solutions. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Shanghai, China.