Zurcher Kantonalbank Zurich Cantonalbank Sells 600 Shares of Daqo New Energy Corp (NYSE:DQ)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Daqo New Energy Corp (NYSE:DQ) by 25.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,770 shares of the semiconductor company’s stock after selling 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Daqo New Energy were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Daqo New Energy by 8.7% during the fourth quarter. BlackRock Inc. now owns 78,519 shares of the semiconductor company’s stock valued at $1,838,000 after buying an additional 6,293 shares during the last quarter. Bank of Montreal Can acquired a new stake in Daqo New Energy during the first quarter worth about $144,000. Advisors Preferred LLC acquired a new stake in Daqo New Energy during the first quarter worth about $179,000. Blackhawk Capital Partners LLC. acquired a new stake in Daqo New Energy during the first quarter worth about $280,000. Finally, Shell Asset Management Co. acquired a new stake in Daqo New Energy during the first quarter worth about $112,000. 33.74% of the stock is currently owned by institutional investors and hedge funds.

DQ stock traded down $2.25 during trading on Thursday, hitting $50.75. The company had a trading volume of 13,535 shares, compared to its average volume of 186,163. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $42.86 and a 200-day moving average price of $38.18. Daqo New Energy Corp has a 12 month low of $20.35 and a 12 month high of $53.00. The stock has a market cap of $574.52 million, a price-to-earnings ratio of 11.01, a PEG ratio of 0.82 and a beta of 1.83.

Daqo New Energy (NYSE:DQ) last posted its quarterly earnings data on Wednesday, August 14th. The semiconductor company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.09). The business had revenue of $65.96 million for the quarter, compared to analyst estimates of $69.80 million. Daqo New Energy had a positive return on equity of 5.57% and a negative net margin of 0.85%. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities analysts expect that Daqo New Energy Corp will post 1.86 EPS for the current year.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Daqo New Energy from a “hold” rating to a “sell” rating in a research note on Monday. Roth Capital reissued a “buy” rating on shares of Daqo New Energy in a research report on Wednesday, August 14th. Finally, ValuEngine raised Daqo New Energy from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $43.50.

About Daqo New Energy

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.

Further Reading: Average Daily Trade Volume – ADTV

Institutional Ownership by Quarter for Daqo New Energy (NYSE:DQ)

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