DAQO New Energy (NYSE:DQ) : DAQO New Energy (NYSE:DQ) had a healthy money flow of $2.39 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $3.47 million, whereas, investors only sold shares worth $1.08 million on downticks. The stock closed the day with an up-down ratio of 3.21.The money flow in the block trades to the tune of $2.35 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.35 million worth of transactions were on upticks. DAQO New Energy (NYSE:DQ) stock slid $1.25 intraday and traded at 21.73, a change of -5.44% over previous days close. However, for the week, the company shares are 2.99% compared to previous weeks close.
Institutional Investors own 30.01% of DAQO New Energy shares.
The company shares have dropped -1.92% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $27.45 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $23.45 and the 200 Day Moving Average price is recorded at $19.59. DAQO New Energy (NYSE:DQ): The stock opened at $23.17 on Wednesday but the bulls could not build on the opening and the stock topped out at $23.71 for the day. The stock traded down to $20.73 during the day, due to lack of any buying support eventually closed down at $21.73 with a loss of -5.44% for the day. The stock had closed at $22.98 on the previous day. The total traded volume was 257,706 shares.
Daqo New Energy Corp. is a holding company. The Company is a polysilicon manufacturer. It manufactures and sells polysilicon to photovoltaic product manufacturers, who further process its polysilicon into ingots, wafers, cells and modules for solar power solutions. Its segments include Polysilicon and Wafer. Its operations are located in Chongqing and Xinjiang, which are in southwestern and northwestern China. The Company sells polysilicon to China-based photovoltaic product manufacturers. It offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. It also offers wafers through its downstream photovoltaic product manufacturing business. Its photovoltaic product customers include operating entities of Jiangsu Meike Silicon Energy, JinkoSolar, JA Solar, Shanghai Alex New Energy and LDK Solar.