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
Daqo New Energy Company Profile
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.
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