Daqo New Energy Target of Unusually High Options Trading (DQ)

Daqo New Energy Corp (NYSE:DQ) was the recipient of unusually large options trading on Monday. Stock traders bought 1,222 put options on the stock. This represents an increase of approximately 826% compared to the average volume of 132 put options.

Daqo New Energy (NYSE DQ) opened at $60.53 on Thursday. Daqo New Energy has a twelve month low of $18.01 and a twelve month high of $65.50. The stock has a market capitalization of $636.67, a PE ratio of 10.31, a P/E/G ratio of 1.66 and a beta of 2.13. The company has a current ratio of 0.57, a quick ratio of 0.49 and a debt-to-equity ratio of 0.34.

A number of institutional investors have recently bought and sold shares of DQ. Dymon Asia Capital Ltd. bought a new stake in Daqo New Energy during the 2nd quarter valued at approximately $2,886,000. Quentec Asset Management LLC boosted its position in Daqo New Energy by 5.0% during the 2nd quarter. Quentec Asset Management LLC now owns 977,106 shares of the semiconductor company’s stock valued at $20,285,000 after acquiring an additional 46,888 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Daqo New Energy by 264.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,767 shares of the semiconductor company’s stock valued at $161,000 after acquiring an additional 5,636 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Daqo New Energy during the 2nd quarter valued at approximately $210,000. Finally, Ecofin Ltd. boosted its position in Daqo New Energy by 22.3% during the 2nd quarter. Ecofin Ltd. now owns 103,205 shares of the semiconductor company’s stock valued at $2,143,000 after acquiring an additional 18,846 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

DQ has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Daqo New Energy from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Thursday, September 14th. Roth Capital set a $35.00 price target on Daqo New Energy and gave the company a “buy” rating in a report on Monday, October 16th. Finally, TheStreet upgraded Daqo New Energy from a “c+” rating to a “b” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Daqo New Energy presently has a consensus rating of “Buy” and a consensus target price of $51.67.

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About Daqo New Energy

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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