Daqo New Energy Corp (DQ) Receives Daily Media Impact Score of 0.29
Press coverage about Daqo New Energy Corp (NYSE:DQ) has been trending positive recently, according to AlphaOne. The research group, a division of Accern, ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Daqo New Energy Corp earned a news impact score of 0.29 on AlphaOne’s scale. AlphaOne also gave media stories about the semiconductor company an impact score of 25 out of 100, indicating that recent media coverage is very unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s rankings:
- Daqo New Energy Shares Down 21.5% Since SmarTrend’s Sell Call (DQ) (mysmartrend.com)
- Analysts See $1.93 EPS for Daqo New Energy (DQ), Ternium SA American Depositor Shseach (TX) Shorts Down By 39.72% (whatsonthorold.com)
- Daqo New Energy Corp (DQ) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Daqo New Energy Corp (DQ) Earns Daily Media Impact Rating of 0.29 (americanbankingnews.com)
DQ has been the topic of several research reports. Roth Capital set a $35.00 price objective on Daqo New Energy Corp and gave the company a “buy” rating in a research report on Monday, March 6th. Zacks Investment Research cut Daqo New Energy Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Finally, Craig Hallum assumed coverage on Daqo New Energy Corp in a research report on Thursday, January 26th. They issued a “buy” rating and a $40.00 price target on the stock.
Shares of Daqo New Energy Corp (NYSE:DQ) traded down 1.72% during mid-day trading on Friday, hitting $18.31. The stock had a trading volume of 44,435 shares. Daqo New Energy Corp has a 52-week low of $18.01 and a 52-week high of $27.60. The company’s 50 day moving average is $21.08 and its 200-day moving average is $22.09. The stock has a market cap of $192.60 million, a P/E ratio of 4.58 and a beta of 1.79.
Daqo New Energy Corp (NYSE:DQ) last posted its quarterly earnings results on Tuesday, March 7th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.28. The company earned $46.12 million during the quarter, compared to analysts’ expectations of $51 million. Daqo New Energy Corp had a return on equity of 21.67% and a net margin of 21.05%. During the same period in the prior year, the business posted $0.91 EPS. On average, equities research analysts anticipate that Daqo New Energy Corp will post $5.33 earnings per share for the current fiscal year.
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About Daqo New Energy Corp
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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