Daqo New Energy (NYSE:DQ - Get Free Report) is projected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.69) per share and revenue of $153.54 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.
Daqo New Energy Price Performance
Shares of NYSE DQ traded down $0.93 during midday trading on Friday, reaching $21.74. 955,451 shares of the company traded hands, compared to its average volume of 783,969. Daqo New Energy has a 52 week low of $13.62 and a 52 week high of $30.85. The stock has a 50-day moving average price of $19.40 and a 200 day moving average price of $18.98. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -11.75 and a beta of 0.25.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on DQ. Daiwa America upgraded shares of Daqo New Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Daiwa Capital Markets raised Daqo New Energy from a "neutral" rating to an "outperform" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $22.26.
Get Our Latest Stock Analysis on Daqo New Energy
About Daqo New Energy
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Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.
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