Daqo New Energy (NYSE:DQ) Upgraded at StockNews.com

Daqo New Energy (NYSE:DQ - Get Free Report) was upgraded by analysts at StockNews.com to a "sell" rating in a research note issued on Monday.

Separately, The Goldman Sachs Group lowered Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price objective for the company. in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.21.

Daqo New Energy Trading Up 2.4 %

Daqo New Energy stock traded up $0.35 during midday trading on Monday, hitting $14.83. The stock had a trading volume of 900,425 shares, compared to its average volume of 1,054,434. Daqo New Energy has a 52-week low of $12.90 and a 52-week high of $30.85. The company has a market capitalization of $978.88 million, a PE ratio of -8.02 and a beta of 0.37. The firm's fifty day moving average is $17.58 and its two-hundred day moving average is $19.14.

Daqo New Energy (NYSE:DQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The semiconductor company reported ($2.71) EPS for the quarter, missing the consensus estimate of ($0.69) by ($2.02). The firm had revenue of $195.36 million for the quarter, compared to the consensus estimate of $153.54 million. Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. As a group, equities research analysts predict that Daqo New Energy will post -3.5 earnings per share for the current fiscal year.

Institutional Trading of Daqo New Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DQ. Continental General Insurance Co. raised its position in Daqo New Energy by 5.8% during the 4th quarter. Continental General Insurance Co. now owns 5,916,202 shares of the semiconductor company's stock valued at $115,011,000 after purchasing an additional 322,084 shares in the last quarter. Prudential PLC bought a new stake in shares of Daqo New Energy in the 4th quarter valued at about $14,775,000. AI Squared Management Ltd purchased a new stake in shares of Daqo New Energy in the 4th quarter worth approximately $1,499,000. Ariose Capital Management Ltd boosted its stake in shares of Daqo New Energy by 27.5% during the fourth quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company's stock valued at $29,271,000 after purchasing an additional 324,585 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Daqo New Energy by 9.3% during the fourth quarter. American Century Companies Inc. now owns 210,738 shares of the semiconductor company's stock valued at $4,097,000 after buying an additional 17,880 shares during the period. Hedge funds and other institutional investors own 47.22% of the company's stock.

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.