Research analysts at StockNews.com started coverage on shares of Daqo New Energy (NYSE:DQ – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the semiconductor company’s stock.
Separately, The Goldman Sachs Group cut shares of Daqo New Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $140.00 to $70.00 in a research report on Monday, December 5th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $75.00.
Daqo New Energy Trading Down 2.8 %
Shares of DQ opened at $49.26 on Thursday. The stock has a market capitalization of $3.67 billion, a P/E ratio of 2.05 and a beta of 0.52. The firm’s fifty day simple moving average is $45.35 and its two-hundred day simple moving average is $49.39. Daqo New Energy has a 12 month low of $36.03 and a 12 month high of $77.18.
Hedge Funds Weigh In On Daqo New Energy
About Daqo New Energy
Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules for solar power solutions. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Shanghai, China.
- Get a free copy of the StockNews.com research report on Daqo New Energy (DQ)
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