Daqo New Energy Corp (NYSE:DQ) fell 17.4% during mid-day trading on Tuesday . The company traded as low as $45.09 and last traded at $47.04. 1,092,800 shares traded hands during trading, an increase of 794% from the average session volume of 122,220 shares. The stock had previously closed at $56.95.
A number of research firms recently issued reports on DQ. Zacks Investment Research downgraded shares of Daqo New Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Roth Capital set a $50.00 target price on shares of Daqo New Energy and gave the company a “buy” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.67.
The company has a market cap of $517.60, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.98 and a beta of 2.05. The company has a current ratio of 0.57, a quick ratio of 0.49 and a debt-to-equity ratio of 0.34.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.com-unik.info/2017/12/07/daqo-new-energy-dq-shares-down-17-4.html.
Daqo New Energy 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.