Daqo New Energy (NYSE:DQ – Get Rating) released its quarterly earnings results on Thursday. The semiconductor company reported $6.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.81 by $0.18, MarketWatch Earnings reports. Daqo New Energy had a return on equity of 48.35% and a net margin of 45.04%. During the same quarter in the prior year, the company posted $1.08 earnings per share.
Daqo New Energy stock traded up $0.60 during trading on Friday, hitting $41.13. The stock had a trading volume of 22,893 shares, compared to its average volume of 1,492,232. Daqo New Energy has a 1 year low of $32.20 and a 1 year high of $92.00. The stock’s 50 day moving average is $43.94 and its two-hundred day moving average is $48.16. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 4.37 and a beta of 0.75.
DQ has been the subject of a number of analyst reports. TheStreet downgraded Daqo New Energy from a “b-” rating to a “c+” rating in a research note on Monday, January 24th. Zacks Investment Research upgraded Daqo New Energy from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, February 23rd. Finally, StockNews.com downgraded Daqo New Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $79.85.
Daqo New Energy Company Profile (Get Rating)
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures 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.
- Get a free copy of the StockNews.com research report on Daqo New Energy (DQ)
- Tractor Supply Company Reaps What It Sows
- Snap (NYSE: SNAP) Gives Investors A Mixed Bag
- Should You Buy Carvana or AutoNation or Pass on Both?
- MarketBeat Podcast: 3 Stocks Flashing Buy Signals
- What Should Investors Take Away From Boston Beer’s Earnings?
Receive News & Ratings for Daqo New Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daqo New Energy and related companies with MarketBeat.com's FREE daily email newsletter.