Daqo New Energy (DQ) Expected to Announce Earnings on Thursday

Daqo New Energy (NYSE:DQ) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.69) per share and revenue of $153.54 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Daqo New Energy Stock Up 1.0 %

Shares of DQ stock opened at $20.53 on Wednesday. The business has a 50 day moving average of $19.58 and a two-hundred day moving average of $19.10. Daqo New Energy has a 52 week low of $13.62 and a 52 week high of $30.85. The company has a market cap of $1.36 billion, a P/E ratio of -11.10 and a beta of 0.25.

Analyst Ratings Changes

DQ has been the subject of a number of research reports. Daiwa America upgraded Daqo New Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Daiwa Capital Markets upgraded Daqo New Energy from a “neutral” rating to an “outperform” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Daqo New Energy currently has a consensus rating of “Buy” and an average target price of $22.26.

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.