Daqo New Energy Corp. (NYSE:DQ) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Daqo New Energy Corp. (NYSE:DQ - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $21.01.

Several research firms recently commented on DQ. The Goldman Sachs Group lowered shares of Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 target price on the stock. in a report on Tuesday, April 15th. HSBC cut shares of Daqo New Energy from a "buy" rating to a "hold" rating and set a $14.00 price target for the company. in a research report on Wednesday, April 30th. StockNews.com raised shares of Daqo New Energy to a "sell" rating in a research report on Monday, April 21st. Finally, Hsbc Global Res cut shares of Daqo New Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ariose Capital Management Ltd grew its stake in shares of Daqo New Energy by 27.5% in the fourth quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company's stock worth $29,271,000 after acquiring an additional 324,585 shares during the period. Van ECK Associates Corp lifted its holdings in Daqo New Energy by 7.6% during the fourth quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company's stock valued at $390,000 after purchasing an additional 1,410 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in Daqo New Energy by 5,286.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,714,780 shares of the semiconductor company's stock valued at $52,775,000 after purchasing an additional 2,664,381 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Daqo New Energy in the fourth quarter worth $52,000. Finally, American Century Companies Inc. lifted its holdings in shares of Daqo New Energy by 9.3% in the fourth quarter. American Century Companies Inc. now owns 210,738 shares of the semiconductor company's stock worth $4,097,000 after buying an additional 17,880 shares in the last quarter. 47.22% of the stock is owned by hedge funds and other institutional investors.

Daqo New Energy Trading Down 2.0%

Daqo New Energy stock opened at $14.55 on Friday. The firm's 50 day simple moving average is $15.57 and its 200 day simple moving average is $18.36. The firm has a market capitalization of $975.68 million, a PE ratio of -7.86 and a beta of 0.58. Daqo New Energy has a 1-year low of $12.41 and a 1-year high of $30.85.

Daqo New Energy (NYSE:DQ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The semiconductor company reported ($1.07) EPS for the quarter, missing analysts' consensus estimates of ($1.02) by ($0.05). The company had revenue of $123.91 million during the quarter, compared to the consensus estimate of $176.81 million. Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. Research analysts forecast that Daqo New Energy will post -3.5 earnings per share for the current year.

Daqo New Energy Company Profile

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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