DAQO New Energy Corp. (DQ) Lifted to Strong-Buy at ValuEngine
ValuEngine upgraded shares of DAQO New Energy Corp. (NYSE:DQ) from a buy rating to a strong-buy rating in a report issued on Friday morning.
DQ has been the topic of several other research reports. Zacks Investment Research upgraded shares of DAQO New Energy Corp. from a hold rating to a strong-buy rating and set a $27.00 price target on the stock in a research note on Friday, July 21st. 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 Saturday, May 13th. Finally, BidaskClub upgraded shares of DAQO New Energy Corp. from a sell rating to a hold rating in a research note on Monday, July 24th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. DAQO New Energy Corp. has a consensus rating of Buy and a consensus target price of $34.33.
Shares of DAQO New Energy Corp. (NYSE DQ) traded up 3.97% on Friday, hitting $26.45. The stock had a trading volume of 58,826 shares. The stock’s 50-day moving average price is $24.99 and its 200 day moving average price is $22.22. DAQO New Energy Corp. has a 52 week low of $18.01 and a 52 week high of $30.80. The company has a market cap of $278.49 million, a PE ratio of 5.52 and a beta of 1.79.
DAQO New Energy Corp. (NYSE:DQ) last announced its quarterly 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 during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $1.87 EPS. On average, analysts predict that DAQO New Energy Corp. will post $6.13 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “DAQO New Energy Corp. (DQ) Lifted to Strong-Buy at ValuEngine” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/04/daqo-new-energy-corp-dq-lifted-to-strong-buy-at-valuengine.html.
A number of institutional investors have recently bought and sold shares of the stock. Quentec Asset Management LLC raised its position in DAQO New Energy Corp. by 5.0% in the 2nd quarter. Quentec Asset Management LLC now owns 977,106 shares of the semiconductor company’s stock worth $20,285,000 after purchasing an additional 46,888 shares during the period. Summit Partners Public Asset Management LLC grew its stake in DAQO New Energy Corp. by 94.9% in the 1st quarter. Summit Partners Public Asset Management LLC now owns 220,000 shares of the semiconductor company’s stock worth $4,129,000 after acquiring an additional 107,100 shares in the last quarter. Acadian Asset Management LLC grew its stake in DAQO New Energy Corp. by 11.1% in the 2nd quarter. Acadian Asset Management LLC now owns 179,664 shares of the semiconductor company’s stock worth $3,729,000 after acquiring an additional 17,881 shares in the last quarter. Boston Partners bought a new position in DAQO New Energy Corp. in the 2nd quarter worth about $3,625,000. Finally, Dymon Asia Capital Ltd. bought a new position in DAQO New Energy Corp. in the 2nd quarter worth about $2,886,000. 28.39% of the stock is currently owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Stock Ratings for DAQO New Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DAQO New Energy Corp. and related stocks with our FREE daily email newsletter.