DAQO New Energy Corp. (DQ) Given a $50.00 Price Target at Roth Capital

Roth Capital set a $50.00 price objective on DAQO New Energy Corp. (NYSE:DQ) in a report issued on Thursday. The brokerage currently has a buy rating on the semiconductor company’s stock.

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.

COPYRIGHT VIOLATION WARNING: “DAQO New Energy Corp. (DQ) Given a $50.00 Price Target at Roth Capital” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.com-unik.info/2017/11/18/daqo-new-energy-corp-dq-given-a-50-00-price-target-at-roth-capital.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DQ. Morgan Stanley raised its stake in shares of DAQO New Energy Corp. by 243.5% during the 1st quarter. Morgan Stanley now owns 100,534 shares of the semiconductor company’s stock worth $1,888,000 after purchasing an additional 71,264 shares during the period. Acadian Asset Management LLC raised its stake in shares of DAQO New Energy Corp. by 11.1% during the 2nd quarter. Acadian Asset Management LLC now owns 179,664 shares of the semiconductor company’s stock worth $3,729,000 after purchasing an additional 17,881 shares during the period. Boston Partners bought a new stake in shares of DAQO New Energy Corp. during the 2nd quarter worth $3,625,000. Dymon Asia Capital Ltd. bought a new stake in shares of DAQO New Energy Corp. during the 2nd quarter worth $2,886,000. Finally, Quentec Asset Management LLC raised its stake in shares of DAQO New Energy Corp. by 5.0% during the 2nd quarter. Quentec Asset Management LLC now owns 977,106 shares of the semiconductor company’s stock worth $20,285,000 after purchasing an additional 46,888 shares during the period. Institutional investors own 28.35% of the company’s stock.

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.

What are top analysts saying about DAQO New Energy Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for DAQO New Energy Corp. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit