DAQO New Energy Corp. (DQ) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News coverage about DAQO New Energy Corp. (NYSE:DQ) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. 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 0.08 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 46.6903156114459 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
DAQO New Energy Corp. (NYSE:DQ) traded up 1.56% on Thursday, reaching $25.44. The company had a trading volume of 68,043 shares. DAQO New Energy Corp. has a 1-year low of $18.01 and a 1-year high of $30.80. The stock’s 50 day moving average is $24.83 and its 200-day moving average is $22.20. The stock has a market capitalization of $267.86 million, a P/E ratio of 5.31 and a beta of 1.75.
DAQO New Energy Corp. (NYSE:DQ) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.38 by $0.19. The company had revenue of $76 million for the quarter, compared to analyst estimates of $71.80 million. DAQO New Energy Corp. had a return on equity of 18.90% and a net margin of 19.35%. During the same period last year, the business earned $1.87 earnings per share. On average, equities analysts predict that DAQO New Energy Corp. will post $6.13 EPS for the current fiscal year.
A number of research firms have issued reports on DQ. Roth Capital set a $35.00 price target on DAQO New Energy Corp. and gave the company a “buy” rating in a research note on Sunday, August 20th. Zacks Investment Research downgraded DAQO New Energy Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Finally, BidaskClub upgraded DAQO New Energy Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.
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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