Shares of Daqo New Energy Corp (NYSE:DQ) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $53.00.

Several research firms recently weighed in on DQ. Credit Suisse Group began coverage on shares of Daqo New Energy in a research report on Friday, August 24th. They set an “outperform” rating and a $58.00 price objective for the company. Roth Capital raised shares of Daqo New Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $48.00 in a research report on Wednesday, August 8th. ValuEngine cut shares of Daqo New Energy from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Zacks Investment Research cut shares of Daqo New Energy from a “strong-buy” rating to a “sell” rating in a report on Monday, June 18th.

Several hedge funds have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of Daqo New Energy in the first quarter valued at approximately $168,000. Royal Bank of Canada increased its stake in shares of Daqo New Energy by 554.9% in the first quarter. Royal Bank of Canada now owns 4,735 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 4,012 shares during the period. Bank of Montreal Can increased its stake in shares of Daqo New Energy by 51.4% in the second quarter. Bank of Montreal Can now owns 9,242 shares of the semiconductor company’s stock valued at $328,000 after buying an additional 3,136 shares during the period. Northern Trust Corp acquired a new position in shares of Daqo New Energy in the second quarter valued at approximately $351,000. Finally, Lenox Wealth Management Inc. acquired a new position in shares of Daqo New Energy in the second quarter valued at approximately $374,000. 42.55% of the stock is owned by hedge funds and other institutional investors.

DQ traded down $0.66 on Tuesday, hitting $30.21. 269,417 shares of the stock were exchanged, compared to its average volume of 264,639. Daqo New Energy has a 12 month low of $27.08 and a 12 month high of $72.50. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $317.75 million, a price-to-earnings ratio of 3.35 and a beta of 2.07.

Daqo New Energy (NYSE:DQ) last posted its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.46. Daqo New Energy had a net margin of 28.32% and a return on equity of 23.80%. The business had revenue of $66.95 million during the quarter, compared to analysts’ expectations of $62.70 million. sell-side analysts anticipate that Daqo New Energy will post 2.64 EPS for the current fiscal year.

Daqo New Energy Company Profile

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.

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