DAQO New Energy Corp. (DQ) Hits New 1-Year High at $43.03

DAQO New Energy Corp. (NYSE:DQ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.03 and last traded at $40.17, with a volume of 308200 shares traded. The stock had previously closed at $39.81.

A number of brokerages recently issued reports on DQ. Roth Capital increased their target price on DAQO New Energy Corp. from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Zacks Investment Research cut DAQO New Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine upgraded DAQO New Energy Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.33.

The stock has a market capitalization of $418.73, a PE ratio of 7.73 and a beta of 1.93. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.39.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DQ. Public Employees Retirement System of Ohio raised its position in DAQO New Energy Corp. by 264.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,767 shares of the semiconductor company’s stock valued at $161,000 after buying an additional 5,636 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in DAQO New Energy Corp. in the 2nd quarter valued at $210,000. Granite Point Capital Management L.P. purchased a new stake in DAQO New Energy Corp. in the 3rd quarter valued at $290,000. KCG Holdings Inc. purchased a new stake in DAQO New Energy Corp. in the 1st quarter valued at $377,000. Finally, JPMorgan Chase & Co. raised its position in DAQO New Energy Corp. by 29,376.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,887 shares of the semiconductor company’s stock valued at $852,000 after buying an additional 28,789 shares during the last quarter. 28.35% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “DAQO New Energy Corp. (DQ) Hits New 1-Year High at $43.03” was first published by Stock Observer and is owned by of Stock Observer. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.thestockobserver.com/2017/11/14/daqo-new-energy-corp-dq-hits-new-1-year-high-at-43-03.html.

DAQO New Energy Corp. Company Profile

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.

Receive News & Ratings for DAQO New Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DAQO New Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply