Daqo New Energy (NYSE:DQ) Posts Earnings Results, Misses Estimates By $2.02 EPS

Daqo New Energy (NYSE:DQ) posted its earnings results on Thursday. The semiconductor company reported ($2.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($2.02), Zacks reports. The company had revenue of $195.36 million during the quarter, compared to the consensus estimate of $153.54 million. Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%.

Daqo New Energy Price Performance

Shares of NYSE DQ opened at $21.49 on Friday. The company has a 50 day simple moving average of $19.75 and a 200 day simple moving average of $19.14. The firm has a market cap of $1.42 billion, a PE ratio of -11.61 and a beta of 0.25. Daqo New Energy has a 1 year low of $13.62 and a 1 year high of $30.85.

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.