Daqo New Energy Corp (NYSE:DQ) traded down 13.8% during mid-day trading on Monday . The company traded as low as $52.04 and last traded at $55.85. 1,488,631 shares changed hands during trading, an increase of 180% from the average session volume of 532,566 shares. The stock had previously closed at $64.78.
A number of equities research analysts recently issued reports on the stock. Roth Capital set a $65.00 target price on shares of Daqo New Energy and gave the stock a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research upgraded shares of Daqo New Energy from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research report on Monday, November 20th. Finally, TheStreet upgraded shares of Daqo New Energy from a “c+” rating to a “b” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $51.67.
The company has a current ratio of 0.57, a quick ratio of 0.49 and a debt-to-equity ratio of 0.34. The firm has a market cap of $587.44, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.66 and a beta of 2.13.
About Daqo New Energy
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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