Daqo New Energy Corp (NYSE:DQ) shares were up 5.1% during mid-day trading on Monday . The stock traded as high as $41.14 and last traded at $40.04, approximately 290,495 shares were traded during trading. An increase of 14% from the average daily volume of 253,906 shares. The stock had previously closed at $38.08.

Several equities analysts have issued reports on DQ shares. Roth Capital restated a “buy” rating on shares of Daqo New Energy in a research note on Wednesday, August 14th. JPMorgan Chase & Co. started coverage on shares of Daqo New Energy in a research note on Thursday, November 14th. They set an “overweight” rating and a $50.00 target price on the stock. ValuEngine cut shares of Daqo New Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 19th. Finally, Zacks Investment Research cut shares of Daqo New Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. The firm has a market cap of $424.82 million, a P/E ratio of 9.02, a PEG ratio of 0.67 and a beta of 1.69. The company’s 50 day simple moving average is $39.35 and its 200-day simple moving average is $42.56.

Daqo New Energy (NYSE:DQ) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.24. Daqo New Energy had a net margin of 6.79% and a return on equity of 5.68%. The firm had revenue of $83.91 million for the quarter, compared to analysts’ expectations of $85.60 million. During the same quarter in the prior year, the business earned $0.32 EPS. On average, sell-side analysts anticipate that Daqo New Energy Corp will post 1.97 earnings per share for the current year.

Several large investors have recently modified their holdings of DQ. First Trust Advisors LP lifted its stake in shares of Daqo New Energy by 3.8% in the 1st quarter. First Trust Advisors LP now owns 9,808 shares of the semiconductor company’s stock worth $324,000 after purchasing an additional 359 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in shares of Daqo New Energy in the 1st quarter worth approximately $727,000. Granite Point Capital Management L.P. bought a new position in shares of Daqo New Energy in the 2nd quarter worth approximately $1,640,000. BNP Paribas Arbitrage SA bought a new position in shares of Daqo New Energy in the 2nd quarter worth approximately $1,271,000. Finally, Aperio Group LLC bought a new position in shares of Daqo New Energy in the 2nd quarter worth approximately $251,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Daqo New Energy Company Profile (NYSE:DQ)

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.

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