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 Monday.

Separately, The Goldman Sachs Group downgraded shares of Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price target on the stock. in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $21.21.

Daqo New Energy Price Performance

NYSE:DQ traded up $0.64 during trading hours on Monday, hitting $15.12. 449,576 shares of the company were exchanged, compared to its average volume of 1,051,864. Daqo New Energy has a 52-week low of $12.90 and a 52-week high of $30.85. The stock has a market capitalization of $997.89 million, a price-to-earnings ratio of -8.17 and a beta of 0.37. The company's 50 day moving average price is $17.71 and its 200-day moving average price is $19.18.

Daqo New Energy (NYSE:DQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The semiconductor company reported ($2.71) earnings per share 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 company had revenue of $195.36 million for the quarter, compared to analysts' expectations of $153.54 million. On average, equities analysts predict that Daqo New Energy will post -3.5 earnings per share for the current year.

Hedge Funds Weigh In On Daqo New Energy

A number of hedge funds have recently bought and sold shares of the business. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Daqo New Energy in the 4th quarter worth $52,000. Diametric Capital LP increased its stake in shares of Daqo New Energy by 25.5% during the fourth quarter. Diametric Capital LP now owns 16,018 shares of the semiconductor company's stock worth $311,000 after purchasing an additional 3,255 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Daqo New Energy by 7.6% during the 4th quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company's stock worth $390,000 after purchasing an additional 1,410 shares during the last quarter. Polymer Capital Management HK LTD acquired a new stake in Daqo New Energy in the 4th quarter worth about $404,000. Finally, Geode Capital Management LLC increased its stake in Daqo New Energy by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company's stock worth $683,000 after buying an additional 2,813 shares in the last quarter. Hedge funds and other institutional investors own 47.22% of the company's stock.

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.