Media headlines about DAQO New Energy Corp. (NYSE:DQ) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DAQO New Energy Corp. earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.5774819977321 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s analysis:
- Can DAQO New Energy (DQ) Run Higher on Strong Earnings Estimate Revisions? (finance.yahoo.com)
- ETFs with exposure to Daqo New Energy Corp. : August 11, 2017 (finance.yahoo.com)
- Critical Analysis: DAQO New Energy Corp. (NYSE:DQ) & Sunworks (SUNW) (americanbankingnews.com)
- DAQO New Energy’s (DQ) CEO Gongda Yao on Q2 2017 Results - Earnings Call Transcript (seekingalpha.com)
- Daqo New Energy : posts 2Q profit (4-traders.com)
DQ has been the topic of several analyst reports. Zacks Investment Research upgraded DAQO New Energy Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Roth Capital set a $35.00 target price on DAQO New Energy Corp. and gave the company a “buy” rating in a research report on Saturday, May 13th. Finally, BidaskClub upgraded DAQO New Energy Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.
Shares of DAQO New Energy Corp. (DQ) traded up 1.07% during trading on Monday, hitting $26.46. The stock had a trading volume of 85,974 shares. The firm has a 50 day moving average price of $23.03 and a 200 day moving average price of $22.07. DAQO New Energy Corp. has a 12-month low of $18.01 and a 12-month high of $30.80. The firm has a market cap of $278.33 million, a P/E ratio of 4.81 and a beta of 1.75.
DAQO New Energy Corp. (NYSE:DQ) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by $0.19. The company had revenue of $76 million for the quarter, compared to analyst estimates of $71.80 million. DAQO New Energy Corp. had a return on equity of 18.90% and a net margin of 19.35%. During the same period in the prior year, the business earned $1.87 earnings per share. On average, equities analysts expect that DAQO New Energy Corp. will post $5.21 earnings per share for the current fiscal year.
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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