A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of DAQO New Energy Corp. from a hold rating to a strong-buy rating and set a $27.00 price objective on the stock in a report on Friday, July 21st. BidaskClub raised shares of DAQO New Energy Corp. from a sell rating to a hold rating in a report on Monday, July 24th. Finally, ValuEngine raised shares of DAQO New Energy Corp. from a buy rating to a strong-buy rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $41.00.
DAQO New Energy Corp. (NYSE DQ) traded up $3.19 on Thursday, reaching $43.06. 267,126 shares of the company’s stock were exchanged, compared to its average volume of 102,339. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.39. The stock has a market cap of $419.36, a P/E ratio of 6.93 and a beta of 1.93. DAQO New Energy Corp. has a 1 year low of $18.01 and a 1 year high of $44.49.
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DAQO New Energy Corp. Company Profile
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.
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