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

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

Daqo New Energy Stock Performance

Daqo New Energy stock opened at $21.49 on Friday. Daqo New Energy has a 52-week low of $13.62 and a 52-week high of $30.85. The firm has a 50 day moving average price of $19.75 and a two-hundred day moving average price of $19.14. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -11.61 and a beta of 0.25.

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.