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Daqo New Energy (NYSE:DQ) Issues Earnings Results

Daqo New Energy logo with Basic Materials background

Daqo New Energy (NYSE:DQ - Get Free Report) issued its quarterly earnings results on Tuesday. The semiconductor company reported ($1.07) EPS for the quarter, missing analysts' consensus estimates of ($1.02) by ($0.05), Zacks reports. Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. The business had revenue of $123.91 million during the quarter, compared to analysts' expectations of $176.81 million.

Daqo New Energy Price Performance

Shares of DQ stock traded up $0.10 during trading on Friday, reaching $12.87. The company had a trading volume of 573,473 shares, compared to its average volume of 1,045,204. The firm's 50 day simple moving average is $16.74 and its two-hundred day simple moving average is $18.90. Daqo New Energy has a one year low of $12.41 and a one year high of $30.85. The company has a market capitalization of $849.51 million, a PE ratio of -6.96 and a beta of 0.37.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DQ shares. HSBC downgraded Daqo New Energy from a "buy" rating to a "hold" rating and set a $14.00 price target for the company. in a report on Wednesday. StockNews.com upgraded shares of Daqo New Energy to a "sell" rating in a research report on Monday, April 21st. Hsbc Global Res lowered shares of Daqo New Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, The Goldman Sachs Group downgraded Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 target price for the company. in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.01.

Read Our Latest Analysis on Daqo New Energy

About Daqo New Energy

(Get Free Report)

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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Earnings History for Daqo New Energy (NYSE:DQ)

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