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DAQO New Energy Stock Bullish Momentum With A 9.2% Rise Before The Weekend

(VIANEWS) – The NYSE ended the session with DAQO New Energy (DQ) rising 9.2% to $28.24 on Friday while NYSE dropped 0.15% to $17,899.91.

DAQO New Energy’s last close was $25.86, 53.49% below its 52-week high of $55.60.

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. 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 $5.62.

PE Ratio

DAQO New Energy has a trailing twelve months price to earnings ratio of 5.02. Meaning, the purchaser of the share is investing $5.02 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 9.88%.

Yearly Top and Bottom Value

DAQO New Energy’s stock is valued at $28.24 at 17:05 EST, way under its 52-week high of $55.60 and way above its 52-week low of $17.30.

Earnings Before Interest, Taxes, Depreciation, and Amortization

DAQO New Energy’s EBITDA is -73.76.

More news about DAQO New Energy (DQ).

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