Daqo New Energy (NYSE:DQ) posted its earnings results on Tuesday. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.24, RTT News reports. Daqo New Energy had a positive return on equity of 5.57% and a negative net margin of 0.85%. The business had revenue of $83.91 million during the quarter, compared to analysts’ expectations of $85.60 million. During the same period in the prior year, the business earned $0.32 EPS.
Shares of DQ traded down $2.41 during mid-day trading on Wednesday, hitting $38.18. 225,700 shares of the company’s stock were exchanged, compared to its average volume of 256,674. The company has a market cap of $399.67 million, a PE ratio of 8.60, a P/E/G ratio of 0.68 and a beta of 1.64. Daqo New Energy has a 52 week low of $20.84 and a 52 week high of $53.49. The company has a 50-day simple moving average of $41.79 and a 200 day simple moving average of $42.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.56 and a quick ratio of 0.48.
A number of analysts recently issued reports on the company. Roth Capital reissued a “buy” rating on shares of Daqo New Energy in a research note on Wednesday, August 14th. Zacks Investment Research raised Daqo New Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, ValuEngine raised shares of Daqo New Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 1st.
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.
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