Daqo New Energy (NYSE:DQ) Posts Quarterly Earnings Results, Misses Expectations By $2.02 EPS

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

Daqo New Energy Trading Down 5.5 %

Shares of DQ opened at $20.33 on Friday. The stock has a market cap of $1.34 billion, a PE ratio of -10.99 and a beta of 0.25. Daqo New Energy has a 1 year low of $13.62 and a 1 year high of $30.85. The stock has a 50 day simple moving average of $19.81 and a 200-day simple moving average of $19.17.

Daqo New Energy Company Profile

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.