Daqo New Energy Corp. (NYSE:DQ)’s share price rose 0.2% during mid-day trading on Friday . The company traded as high as $25.58 and last traded at $25.17, with a volume of 100,096 shares changing hands. The stock had previously closed at $25.13.
Separately, Zacks Investment Research lowered shares of Daqo New Energy Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $27.03.
The firm’s 50-day moving average is $23.97 and its 200-day moving average is $22.44. The firm has a market capitalization of $260.07 million, a P/E ratio of 6.73 and a beta of 2.20.
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Daqo New Energy Corp. (NYSE:DQ) last issued its earnings results on Tuesday, August 9th. The company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.02 by $1.08. The firm earned $71 million during the quarter, compared to analysts’ expectations of $60.35 million. Daqo New Energy Corp. had a return on equity of 19.62% and a net margin of 18.28%. During the same period last year, the business earned ($0.09) earnings per share. Equities research analysts expect that Daqo New Energy Corp. will post $4.79 earnings per share for the current year.
About Daqo New Energy Corp.
Daqo New Energy Corp. is a holding company. The Company is a polysilicon manufacturer. It manufactures and sells polysilicon to photovoltaic product manufacturers, who further process its polysilicon into ingots, wafers, cells and modules for solar power solutions. Its segments include Polysilicon and Wafer.
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