Daqo New Energy (NYSE:DQ) Shares Down 2.1% - Time to Sell?

Daqo New Energy Corp. (NYSE:DQ - Get Free Report) shares were down 2.1% on Monday . The company traded as low as $19.06 and last traded at $18.86. Approximately 49,115 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 1,017,836 shares. The stock had previously closed at $19.27.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Daqo New Energy to a "sell" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $22.26.

Daqo New Energy Price Performance

The stock has a 50 day moving average of $19.57 and a two-hundred day moving average of $19.67. The stock has a market capitalization of $1.23 billion, a PE ratio of -10.03 and a beta of 0.41.

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

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Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DQ. Continental General Insurance Co. grew its holdings in shares of Daqo New Energy by 5.8% during the fourth quarter. Continental General Insurance Co. now owns 5,916,202 shares of the semiconductor company's stock worth $115,011,000 after buying an additional 322,084 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its stake in Daqo New Energy by 5,286.6% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,714,780 shares of the semiconductor company's stock worth $52,775,000 after acquiring an additional 2,664,381 shares during the period. Ariose Capital Management Ltd raised its holdings in Daqo New Energy by 27.5% in the 4th quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company's stock valued at $29,271,000 after acquiring an additional 324,585 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Daqo New Energy by 67.5% during the 4th quarter. Point72 Asset Management L.P. now owns 886,655 shares of the semiconductor company's stock worth $17,237,000 after purchasing an additional 357,460 shares during the period. Finally, State Street Corp boosted its holdings in shares of Daqo New Energy by 1.1% during the third quarter. State Street Corp now owns 842,921 shares of the semiconductor company's stock worth $17,170,000 after purchasing an additional 8,983 shares during the last quarter. Institutional investors and hedge funds own 47.22% of the company's stock.

About Daqo New Energy

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.