Research analysts at StockNews.com initiated coverage on shares of Daqo New Energy (NYSE:DQ – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the semiconductor company’s stock.
Separately, The Goldman Sachs Group downgraded Daqo New Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $140.00 to $70.00 in a research note on Monday, December 5th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $75.00.
Daqo New Energy Price Performance
DQ opened at $49.26 on Thursday. The business’s 50-day moving average price is $45.35 and its two-hundred day moving average price is $49.39. Daqo New Energy has a 1 year low of $36.03 and a 1 year high of $77.18. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 2.05 and a beta of 0.52.
Institutional Trading of Daqo New Energy
About Daqo New Energy
Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules for solar power solutions. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Shanghai, China.
- Get a free copy of the StockNews.com research report on Daqo New Energy (DQ)
- Meta Platforms: Efficiency Gains Momentum, Stock Accelerates
- Pfizer’s Latest Acquisition Strengthens the Case for PFE Stock
- SentinelOne: Reversal In-Play For Cybersecurity Stocks
- Is Sportradar Group A Growth Stock To Bet On In 2023?
- Strong Guidance says Boeing is Ready for Takeoff
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.