Daqo New Energy Corp. (NYSE:DQ) fell 0.2% on Wednesday . The stock traded as low as $19.11 and last traded at $19.89, with a volume of 131,894 shares traded. The stock had previously closed at $19.93.

Separately, Zacks Investment Research lowered shares of Daqo New Energy Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $24.37.

The company has a market cap of $207.99 million, a price-to-earnings ratio of 5.38 and a beta of 2.20. The company has a 50 day moving average price of $24.02 and a 200 day moving average price of $22.72.

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Daqo New Energy Corp. (NYSE:DQ) last released its quarterly earnings data on Tuesday, August 9th. The company reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $1.08. The business earned $71 million during the quarter, compared to analysts’ expectations of $60.35 million. Daqo New Energy Corp. had a net margin of 18.28% and a return on equity of 19.62%. During the same period in the prior year, the company earned ($0.09) EPS. Equities research analysts predict that Daqo New Energy Corp. will post $4.79 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in DQ. Quentec Asset Management LLC boosted its position in Daqo New Energy Corp. by 3.3% in the second quarter. Quentec Asset Management LLC now owns 804,943 shares of the company’s stock worth $18,167,000 after buying an additional 25,398 shares in the last quarter. Walleye Trading LLC boosted its position in Daqo New Energy Corp. by 38.5% in the second quarter. Walleye Trading LLC now owns 5,400 shares of the company’s stock worth $122,000 after buying an additional 1,500 shares in the last quarter. Hsbc Holdings PLC bought a new position in Daqo New Energy Corp. during the second quarter worth about $5,632,000. Granite Point Capital Management L.P. bought a new position in Daqo New Energy Corp. during the second quarter worth about $1,297,000. Finally, ClariVest Asset Management LLC boosted its position in Daqo New Energy Corp. by 24.1% in the second quarter. ClariVest Asset Management LLC now owns 6,905 shares of the company’s stock worth $156,000 after buying an additional 1,341 shares in the last quarter. Institutional investors and hedge funds own 29.25% of the company’s stock.

Daqo New Energy Corp. 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.

5 Day Chart for NYSE:DQ

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