Daqo New Energy (NYSE:DQ) Raised to "Sell" at StockNews.com

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

Separately, The Goldman Sachs Group lowered shares of Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price target for the company. in a research report on Tuesday, April 15th. One equities 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. According to MarketBeat, Daqo New Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.21.

Daqo New Energy Trading Up 2.4 %

Shares of Daqo New Energy stock traded up $0.35 during trading hours on Monday, reaching $14.83. 900,425 shares of the company's stock were exchanged, compared to its average volume of 1,055,845. Daqo New Energy has a 52-week low of $12.90 and a 52-week high of $30.85. The company has a fifty day moving average of $17.58 and a 200-day moving average of $19.13. The firm has a market capitalization of $978.88 million, a price-to-earnings ratio of -8.02 and a beta of 0.37.

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

Institutional Investors Weigh In On Daqo New Energy

Institutional investors have recently bought and sold shares of the business. Continental General Insurance Co. lifted its holdings in shares of 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 acquiring an additional 322,084 shares in the last quarter. Prudential PLC acquired a new position in shares of Daqo New Energy during the fourth quarter worth about $14,775,000. AI Squared Management Ltd purchased a new stake in shares of Daqo New Energy in the fourth quarter worth about $1,499,000. 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 valued at $29,271,000 after buying an additional 324,585 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Daqo New Energy by 9.3% during the 4th 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. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

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.