Daqo New Energy (NYSE:DQ - Get Free Report) announced its quarterly earnings results on Tuesday. The semiconductor company reported ($1.07) EPS for the quarter, missing the consensus estimate 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%.
Daqo New Energy Trading Down 15.6 %
NYSE:DQ traded down $2.31 during trading hours on Tuesday, hitting $12.50. The company's stock had a trading volume of 1,365,575 shares, compared to its average volume of 889,366. Daqo New Energy has a 52-week low of $12.50 and a 52-week high of $30.85. The stock has a market capitalization of $825.09 million, a P/E ratio of -6.76 and a beta of 0.37. The stock has a fifty day moving average of $17.42 and a 200-day moving average of $19.08.
Analysts Set New Price Targets
Several brokerages have weighed in on DQ. StockNews.com raised shares of Daqo New Energy to a "sell" rating in a research note on Monday, April 21st. The Goldman Sachs Group lowered shares of Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price objective for the company. in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.21.
View Our Latest Stock Report on DQ
About Daqo New Energy
(
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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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