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Daqo New Energy (DQ) in Focus: Stock Moves 7.9% Higher

Zacks Equity Research
Updated

Daqo New Energy Corp. DQ was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $37.70 –$47.03 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen one positive estimate revision in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Daqo New Energy currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

DAQO New Energy Corp. Price and Consensus

DAQO New Energy Corp. Price and Consensus | DAQO New Energy Corp. Quote

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Another stock worth considering in the Chemical - Specialty industry is Ferro Corporation FOE, which also carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is DQ going up? Or down? Predict to see what others think: Up or Down

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Ferro Corporation (FOE) : Free Stock Analysis Report
 
DAQO New Energy Corp. (DQ) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research