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

Daqo New Energy (NYSE:DQ) is expected to announce its earnings results 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Daqo New Energy Price Performance

Shares of Daqo New Energy stock opened at $20.53 on Wednesday. The firm has a market cap of $1.36 billion, a P/E ratio of -11.10 and a beta of 0.25. The firm has a 50 day simple moving average of $19.58 and a 200 day simple moving average of $19.10. Daqo New Energy has a fifty-two week low of $13.62 and a fifty-two week high of $30.85.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Daiwa America raised shares of Daqo New Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Daiwa Capital Markets raised shares of Daqo New Energy from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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.