Daqo New Energy (NYSE:DQ) Upgraded by StockNews.com to "Sell" Rating

Daqo New Energy (NYSE:DQ - Get Free Report) was upgraded by equities research analysts at StockNews.com to a "sell" rating in a research report issued on Tuesday.

Daqo New Energy Trading Down 3.3 %

Shares of DQ stock traded down $0.66 on Tuesday, reaching $19.31. The company's stock had a trading volume of 894,150 shares, compared to its average volume of 1,021,430. Daqo New Energy has a 1 year low of $13.62 and a 1 year high of $30.85. The stock's fifty day simple moving average is $19.63 and its 200-day simple moving average is $19.62. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -10.44 and a beta of 0.41.

Daqo New Energy (NYSE:DQ - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The semiconductor company reported ($2.71) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.69) by ($2.02). Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. The business had revenue of $195.36 million for the quarter, compared to analysts' expectations of $153.54 million. Equities research analysts forecast that Daqo New Energy will post -3.5 earnings per share for the current year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Daqo New Energy by 32.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,732 shares of the semiconductor company's stock worth $2,765,000 after buying an additional 33,031 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Daqo New Energy during the third quarter worth about $1,053,000. Ariose Capital Management Ltd boosted its stake in shares of Daqo New Energy by 27.5% in the fourth quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company's stock worth $29,271,000 after acquiring an additional 324,585 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Daqo New Energy by 57.5% during the third quarter. BNP Paribas Financial Markets now owns 74,571 shares of the semiconductor company's stock worth $1,519,000 after buying an additional 27,223 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Daqo New Energy by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company's stock worth $683,000 after purchasing an additional 2,813 shares in the last quarter. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

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.