Somewhat Positive News Coverage Somewhat Unlikely to Impact DAQO New Energy Corp. (NYSE:DQ) Stock Price

Headlines about DAQO New Energy Corp. (NYSE:DQ) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DAQO New Energy Corp. earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.9535303169462 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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DQ has been the subject of several research reports. Zacks Investment Research cut DAQO New Energy Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Roth Capital set a $35.00 target price on DAQO New Energy Corp. and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, BidaskClub raised DAQO New Energy Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.

DAQO New Energy Corp. (NYSE:DQ) opened at 29.35 on Tuesday. The company has a market capitalization of $308.73 million, a PE ratio of 5.33 and a beta of 1.75. The company has a 50-day moving average price of $21.44 and a 200 day moving average price of $21.84. DAQO New Energy Corp. has a 12 month low of $18.01 and a 12 month high of $30.80.

DAQO New Energy Corp. (NYSE:DQ) last released its earnings results on Tuesday, May 9th. The semiconductor company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.76. The company had revenue of $83.81 million for the quarter, compared to analyst estimates of $72.50 million. DAQO New Energy Corp. had a return on equity of 22.97% and a net margin of 22.75%. During the same period in the prior year, the firm posted $1.12 EPS. On average, equities research analysts forecast that DAQO New Energy Corp. will post $4.98 EPS for the current fiscal year.

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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.