Daqo New Energy Corp (NYSE:DQ) was the target of some unusual options trading activity on Monday. Traders bought 1,222 put options on the stock. This represents an increase of approximately 826% compared to the typical volume of 132 put options.
Daqo New Energy (NYSE DQ) opened at $68.24 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.49. Daqo New Energy has a 12-month low of $18.01 and a 12-month high of $69.76. The stock has a market cap of $717.77, a P/E ratio of 11.63, a PEG ratio of 1.66 and a beta of 2.13.
Several equities research analysts have recently commented on DQ shares. Zacks Investment Research lowered shares of Daqo New Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Roth Capital set a $35.00 price target on shares of Daqo New Energy and gave the company a “buy” rating in a report on Monday, October 16th. Finally, TheStreet upgraded shares of Daqo New Energy from a “c+” rating to a “b” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $51.67.
Daqo New Energy Company Profile
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.
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