Daqo New Energy (NYSE:DQ) Issues Quarterly Earnings Results

Daqo New Energy (NYSE:DQ - Get Free Report) released its quarterly earnings results on Thursday. The semiconductor company reported ($2.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($2.02), Zacks reports. The firm had revenue of $195.36 million for the quarter, compared to analyst estimates of $153.54 million. Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%.

Daqo New Energy Stock Performance

Daqo New Energy stock traded down $1.63 during midday trading on Monday, reaching $18.62. 872,534 shares of the company were exchanged, compared to its average volume of 814,257. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -10.06 and a beta of 0.25. The firm's 50-day simple moving average is $19.81 and its 200-day simple moving average is $19.21. Daqo New Energy has a 1 year low of $13.62 and a 1 year high of $30.85.

Daqo New Energy Company Profile

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.