DQ has been the topic of several other reports. Roth Capital lifted their price objective on Daqo New Energy from $70.00 to $79.00 and gave the company a neutral rating in a research report on Tuesday, June 1st. Jefferies Financial Group started coverage on Daqo New Energy in a research report on Thursday, April 22nd. They set a buy rating and a $108.66 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $90.13.
Daqo New Energy stock opened at $67.45 on Monday. The firm’s 50 day moving average price is $74.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.93. The company has a market cap of $4.93 billion, a PE ratio of 28.80 and a beta of 0.75. Daqo New Energy has a fifty-two week low of $10.97 and a fifty-two week high of $130.33.
Several institutional investors and hedge funds have recently modified their holdings of DQ. First Trust Advisors LP lifted its position in Daqo New Energy by 3.8% in the 1st quarter. First Trust Advisors LP now owns 9,808 shares of the semiconductor company’s stock valued at $324,000 after acquiring an additional 359 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Daqo New Energy in the 1st quarter valued at approximately $727,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Daqo New Energy by 486.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,216 shares of the semiconductor company’s stock valued at $643,000 after acquiring an additional 9,303 shares in the last quarter. Creative Planning lifted its position in Daqo New Energy by 209.3% in the 4th quarter. Creative Planning now owns 7,577 shares of the semiconductor company’s stock valued at $435,000 after acquiring an additional 5,127 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Daqo New Energy by 299.2% in the 4th quarter. Parallel Advisors LLC now owns 495 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 371 shares in the last quarter. 54.54% of the stock is currently owned by hedge funds and other institutional investors.
Daqo New Energy Company Profile
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People's Republic of China. The photovoltaic product manufactures further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.
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