Daqo New Energy Corp (DQ) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Daqo New Energy Corp (NYSE:DQ) have received an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $51.67.
A number of research analysts have recently weighed in on DQ shares. Zacks Investment Research lowered Daqo New Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Roth Capital set a $35.00 price objective on Daqo New Energy and gave the company a “buy” rating in a report on Sunday, August 20th. Finally, ValuEngine raised Daqo New Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.
Daqo New Energy (DQ) opened at $52.20 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.57 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $519.71, a PE ratio of 8.00, a PEG ratio of 0.98 and a beta of 2.05. Daqo New Energy has a 1-year low of $18.01 and a 1-year high of $58.49.
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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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