Daqo New Energy Target of Unusually Large Options Trading (NYSE:DQ)


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Daqo New Energy Corp. (NYSE:DQ) saw unusually large options trading activity on Tuesday. Stock investors purchased 38,660 put options on the company. This represents an increase of approximately 980% compared to the average daily volume of 3,580 put options.

DQ has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Daqo New Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Friday, January 8th. ValuEngine downgraded shares of Daqo New Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 17th. BidaskClub raised shares of Daqo New Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 17th. Roth Capital cut shares of Daqo New Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $40.00 in a research note on Monday, October 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Daqo New Energy in a research note on Tuesday, December 8th. They set a “buy” rating and a $62.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Daqo New Energy has an average rating of “Buy” and an average price target of $51.20.

Several institutional investors and hedge funds have recently bought and sold shares of DQ. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Daqo New Energy in the third quarter valued at approximately $27,000. Exane Derivatives bought a new stake in shares of Daqo New Energy during the third quarter worth $29,000. AXA S.A. acquired a new stake in shares of Daqo New Energy during the third quarter worth $108,000. SG Americas Securities LLC acquired a new stake in shares of Daqo New Energy during the third quarter worth $136,000. Finally, Bank of Montreal Can raised its position in Daqo New Energy by 26.0% in the 2nd quarter. Bank of Montreal Can now owns 1,162 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 240 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Daqo New Energy stock traded down $7.89 during trading hours on Wednesday, hitting $77.41. The stock had a trading volume of 3,341,153 shares, compared to its average volume of 3,200,658. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.38 billion, a PE ratio of 75.87 and a beta of 0.84. Daqo New Energy has a fifty-two week low of $8.32 and a fifty-two week high of $85.54. The company has a 50-day moving average of $54.10 and a two-hundred day moving average of $35.49.

Daqo New Energy (NYSE:DQ) last announced its quarterly earnings data on Sunday, November 22nd. The semiconductor company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). Daqo New Energy had a return on equity of 12.41% and a net margin of 13.98%. During the same period in the prior year, the firm earned $0.13 EPS. As a group, analysts forecast that Daqo New Energy will post 1.84 EPS for the current fiscal year.

About Daqo New Energy

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People's Republic of China. It offers ready-to-use polysilicon, and packaged to meet crucible stacking, pulling, and solidification products. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.

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