DAQO New Energy Corp. (NYSE:DQ) reached a new 52-week high on Monday . The stock traded as high as $45.90 and last traded at $43.06, with a volume of 267100 shares traded. The stock had previously closed at $39.87.
Several equities research analysts recently weighed in on DQ shares. Zacks Investment Research upgraded DAQO New Energy Corp. from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Thursday, September 14th. Roth Capital boosted their target price on DAQO New Energy Corp. from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 6th. BidaskClub upgraded DAQO New Energy Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, ValuEngine upgraded DAQO New Energy Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $41.00.
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 stock has a market cap of $466.91, a PE ratio of 6.97, a P/E/G ratio of 0.86 and a beta of 1.93.
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.
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