(VIANEWS) – Shares of DAQO New Energy (NYSE: DQ) jumped by a staggering 21.65% in 10 sessions from $43.39 to $52.79 at 14:40 EST on Friday, after two sequential sessions in a row of gains. NYSE is jumping 0.99% to $15,678.08, after two consecutive sessions in a row of gains.
DAQO New Energy’s last close was $48.78, 36.8% under its 52-week high of $77.18.
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. 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. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China.
Earnings Per Share
As for profitability, DAQO New Energy has a trailing twelve months EPS of $1.7.
PE Ratio
DAQO New Energy has a trailing twelve months price to earnings ratio of 31.09. Meaning, the purchaser of the share is investing $31.09 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 52.23%.
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