Daqo New Energy (DQ) Shares Up 5.6%
Daqo New Energy Corp (NYSE:DQ)’s share price shot up 5.6% on Monday . The stock traded as high as $54.76 and last traded at $52.20. 638,235 shares were traded during mid-day trading, an increase of 393% from the average session volume of 129,536 shares. The stock had previously closed at $49.41.
Several equities research analysts have commented on the company. TheStreet upgraded Daqo New Energy from a “c+” rating to a “b” rating in a research note on Wednesday, November 15th. Zacks Investment Research lowered Daqo New Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Finally, Roth Capital set a $65.00 price objective on Daqo New Energy and gave the stock a “buy” rating in a research note on Monday, December 4th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.67.
The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.49. The firm has a market cap of $519.71, a P/E ratio of 8.00, a P/E/G ratio of 0.98 and a beta of 2.05.
About Daqo New Energy
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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