Daqo New Energy Corp (NYSE:DQ) shares traded up 5.7% during mid-day trading on Thursday . The stock traded as high as $113.21 and last traded at $110.97, 349,954 shares changed hands during trading. An increase of 25% from the average session volume of 279,237 shares. The stock had previously closed at $105.00.

Several analysts have recently issued reports on the company. ValuEngine upgraded Daqo New Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Roth Capital upped their price target on Daqo New Energy from $80.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Zacks Investment Research raised Daqo New Energy from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective for the company in a research report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price objective on Daqo New Energy from $75.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, TheStreet raised Daqo New Energy from a “c” rating to a “b-” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $100.67.

The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 0.53 and a beta of 0.89. The firm has a 50-day moving average of $82.98 and a two-hundred day moving average of $62.47.

Daqo New Energy (NYSE:DQ) last posted its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.96. Daqo New Energy had a return on equity of 10.03% and a net margin of 12.82%. The business had revenue of $168.83 million during the quarter, compared to analysts’ expectations of $150.50 million. During the same quarter in the previous year, the firm earned $0.81 EPS. As a group, equities analysts anticipate that Daqo New Energy Corp will post 7.28 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. UBS Group AG raised its holdings in shares of Daqo New Energy by 22.8% in the 2nd quarter. UBS Group AG now owns 188,408 shares of the semiconductor company’s stock worth $13,988,000 after buying an additional 35,002 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Daqo New Energy in the 2nd quarter worth approximately $388,000. Guinness Asset Management LTD raised its holdings in shares of Daqo New Energy by 6.8% in the 2nd quarter. Guinness Asset Management LTD now owns 11,000 shares of the semiconductor company’s stock worth $817,000 after buying an additional 700 shares in the last quarter. Guinness Atkinson Asset Management Inc raised its holdings in shares of Daqo New Energy by 9.9% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 5,550 shares of the semiconductor company’s stock worth $412,000 after buying an additional 500 shares in the last quarter. Finally, Elephas Investment Management Ltd acquired a new position in shares of Daqo New Energy in the 2nd quarter worth approximately $1,010,000.

About Daqo New Energy (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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