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.

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in Daqo New Energy by 264.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,767 shares of the semiconductor company’s stock worth $161,000 after buying an additional 5,636 shares in the last quarter. Granite Point Capital Management L.P. purchased a new stake in shares of Daqo New Energy in the third quarter valued at approximately $290,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Daqo New Energy in the second quarter valued at approximately $210,000. Susquehanna International Group LLP purchased a new stake in shares of Daqo New Energy in the third quarter valued at approximately $490,000. Finally, Ecofin Ltd. grew its position in shares of Daqo New Energy by 22.3% in the second quarter. Ecofin Ltd. now owns 103,205 shares of the semiconductor company’s stock valued at $2,143,000 after purchasing an additional 18,846 shares in the last quarter. Institutional investors own 27.38% of the company’s stock.

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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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