Daqo New Energy Corp. (NYSE:DQ – Get Free Report) has been given a consensus recommendation of “Hold” by the five analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $27.63.
Several research firms have issued reports on DQ. Roth Mkm reiterated a “neutral” rating and issued a $23.00 price objective on shares of Daqo New Energy in a research report on Tuesday, April 30th. The Goldman Sachs Group began coverage on Daqo New Energy in a research report on Thursday. They issued a “buy” rating for the company. Finally, HSBC restated a “reduce” rating and issued a $17.50 price target (down previously from $23.50) on shares of Daqo New Energy in a research report on Monday, May 6th.
Get Our Latest Stock Report on Daqo New Energy
Daqo New Energy Price Performance
Shares of NYSE DQ opened at $16.89 on Friday. The stock has a fifty day moving average price of $18.62 and a 200 day moving average price of $21.40. Daqo New Energy has a 1-year low of $14.21 and a 1-year high of $41.37. The company has a market cap of $1.11 billion, a PE ratio of 7.93 and a beta of 0.28.
Daqo New Energy (NYSE:DQ – Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.32). The company had revenue of $415.31 million for the quarter, compared to analyst estimates of $491.90 million. Daqo New Energy had a return on equity of 2.46% and a net margin of 7.84%. During the same period in the prior year, the business earned $3.52 earnings per share. Analysts anticipate that Daqo New Energy will post 0.98 earnings per share for the current fiscal year.
Institutional Trading of Daqo New Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in shares of Daqo New Energy by 117.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 858 shares during the period. Quadrant Capital Group LLC boosted its holdings in Daqo New Energy by 39.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,348 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 664 shares during the period. Signaturefd LLC boosted its holdings in Daqo New Energy by 112.4% in the 4th quarter. Signaturefd LLC now owns 6,839 shares of the semiconductor company’s stock worth $182,000 after acquiring an additional 3,619 shares during the period. Daiwa Securities Group Inc. purchased a new position in Daqo New Energy in the 1st quarter worth approximately $256,000. Finally, Capstone Investment Advisors LLC purchased a new position in Daqo New Energy in the 1st quarter worth approximately $264,000. Hedge funds and other institutional investors own 47.22% of the company’s stock.
About Daqo New Energy
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People’s Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.
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