Daqo New Power Corp. (NYSE:DQ) has obtained a consensus score of “Maintain” from the six rankings corporations which can be at the moment protecting the stock, Marketbeat.com experiences. One equities analysis analyst has rated the stock with a promote advice, two have issued a maintain advice and two have given a purchase advice to the corporate. The typical 1-year goal price amongst brokers which have up to date their protection on the stock within the final 12 months is $26.90.
DQ has been the subject of a number of current analyst experiences. Roth Capital lowered Daqo New Power from a “purchase” score to a “impartial” score and decreased their goal price for the corporate from $44.00 to $40.00 in a analysis report on Monday, October 26th. ValuEngine downgraded Daqo New Power from a “promote” score to a “robust promote” score in a analysis observe on Tuesday, November 17th. Lastly, Zacks Funding Analysis downgraded Daqo New Power from a “strong-buy” score to a “maintain” score in a analysis observe on Tuesday, October 20th.
Shares of NYSE:DQ opened at $41.71 on Monday. The enterprise’s 50-day shifting common is $42.89 and its 200 day shifting common is $24.15. Daqo New Power has a 1 12 months low of $7.16 and a 1 12 months excessive of $48.73. The agency has a market capitalization of $2.90 billion, a P/E ratio of 49.77 and a beta of 0.81. The corporate has a debt-to-equity ratio of 0.19, a present ratio of 0.47 and a fast ratio of 0.39.
A number of institutional traders and hedge funds have not too long ago modified their holdings of DQ. Morgan Stanley boosted its place in Daqo New Power by 33.3% throughout the third quarter. Morgan Stanley now owns 629,537 shares of the semiconductor firm’s stock worth $85,139,000 after buying a further 157,140 shares within the final quarter. Handelsbanken Fonder AB boosted its place in Daqo New Power by 48.0% throughout the third quarter. Handelsbanken Fonder AB now owns 467,124 shares of the semiconductor firm’s stock worth $63,174,000 after buying a further 151,533 shares within the final quarter. Bank of America Corp DE boosted its place in Daqo New Power by 0.6% throughout the second quarter. Bank of America Corp DE now owns 352,281 shares of the semiconductor firm’s stock worth $26,154,000 after buying a further 2,052 shares within the final quarter. Canada Pension Plan Funding Board bought a brand new place in Daqo New Power throughout the second quarter worth roughly $23,423,000. Lastly, State Street Corp boosted its place in Daqo New Power by 13.9% throughout the first quarter. State Street Corp now owns 262,963 shares of the semiconductor firm’s stock worth $15,231,000 after buying a further 31,996 shares within the final quarter. Hedge funds and different institutional traders personal 59.84% of the corporate’s stock.
About Daqo New Power
Daqo New Power Corp., along with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures within the Individuals’s Republic of China. It provides ready-to-use polysilicon, and packaged to fulfill crucible stacking, pulling, and solidification merchandise. The corporate was previously often known as Mega Stand Worldwide Restricted and altered its identify to Daqo New Power Corp.
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