News articles about DAQO New Energy Corp. (NYSE:DQ) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. DAQO New Energy Corp. earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 45.5774819977321 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s analysis:
- JinkoSolar Holding Company Limited (JKS) versus DAQO New Energy Corp. (NYSE:DQ) Financial Review (americanbankingnews.com)
- Daqo New Energy to Announce Unaudited Second … (ih.advfn.com)
- Daqo New Energy (DQ) Shares March Higher, Can It Continue? (finance.yahoo.com)
- Daqo New Energy to Announce Unaudited Second Quarter 2017 Results on August 8, 2017 (finance.yahoo.com)
Shares of DAQO New Energy Corp. (NYSE DQ) traded up 0.91% during midday trading on Friday, reaching $24.37. The company’s stock had a trading volume of 112,787 shares. DAQO New Energy Corp. has a one year low of $18.01 and a one year high of $27.60. The stock has a market cap of $256.35 million, a PE ratio of 4.43 and a beta of 1.72. The firm has a 50-day moving average of $21.12 and a 200-day moving average of $21.77.
DAQO New Energy Corp. (NYSE:DQ) last released its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $2.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.76. DAQO New Energy Corp. had a return on equity of 22.97% and a net margin of 22.75%. The business had revenue of $83.81 million during the quarter, compared to analyst estimates of $72.50 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. On average, analysts forecast that DAQO New Energy Corp. will post $4.98 EPS for the current year.
DQ has been the subject of several analyst reports. Roth Capital set a $35.00 target price on shares of DAQO New Energy Corp. and gave the company a “buy” rating in a research note on Monday, June 26th. BidaskClub raised shares of DAQO New Energy Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research cut shares of DAQO New Energy Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th.
About DAQO New Energy Corp.
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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