Daqo New Energy (DQ) Receiving Somewhat Positive Media Coverage, Study Shows
Media coverage about Daqo New Energy (NYSE:DQ) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Daqo New Energy earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 47.6648044569418 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
DQ has been the topic of a number of research analyst reports. 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 on the stock in a research note on Monday, November 20th. TheStreet upgraded shares of Daqo New Energy from a “c+” rating to a “b” rating in a research note on Wednesday, November 15th. Finally, Roth Capital set a $50.00 target price on shares of Daqo New Energy and gave the stock a “buy” rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $57.50.
Shares of Daqo New Energy (NYSE DQ) traded up $0.71 on Friday, hitting $49.73. 312,976 shares of the stock traded hands, compared to its average volume of 359,578. Daqo New Energy has a 52-week low of $18.01 and a 52-week high of $72.50. The stock has a market cap of $523.06, a PE ratio of 8.44, a PEG ratio of 1.28 and a beta of 1.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.49.
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.
Receive News & Ratings for Daqo New Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daqo New Energy and related companies with MarketBeat.com's FREE daily email newsletter.