Acacia Communications, Inc. (ACIA) Forms $42.23 Double Bottom; 2 Bullish Analysts Covering Daqo New Energy Corp. (DQ)

Among 3 analysts covering Daqo New Energy (NYSE:DQ), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Daqo New Energy had 13 analyst reports since August 12, 2015 according to SRatingsIntel. Roth Capital maintained the stock with “Buy” rating in Sunday, August 13 report. The firm has “Buy” rating given on Friday, July 14 by Roth Capital. The stock has “Buy” rating by Roth Capital on Monday, June 26. Roth Capital maintained Daqo New Energy Corp. (NYSE:DQ) on Thursday, November 16 with “Buy” rating. The rating was maintained by Roth Capital with “Buy” on Monday, June 5. Roth Capital maintained the stock with “Buy” rating in Monday, October 16 report. Northland Capital initiated it with “Outperform” rating and $37 target in Friday, December 18 report. Roth Capital maintained Daqo New Energy Corp. (NYSE:DQ) on Friday, November 3 with “Buy” rating. The stock has “Buy” rating by Roth Capital on Monday, December 4. As per Friday, August 4, the company rating was maintained by Roth Capital. See Daqo New Energy Corp. (NYSE:DQ) latest ratings:

04/12/2017 Broker: Roth Capital Rating: Buy New Target: $65.0 Maintain
16/11/2017 Broker: Roth Capital Rating: Buy New Target: $50.0 Maintain
03/11/2017 Broker: Roth Capital Rating: Buy New Target: $45.0 Maintain
16/10/2017 Broker: Roth Capital Rating: Buy New Target: $35.0 Maintain

Acacia Communications, Inc. (ACIA) formed double bottom with $39.27 target or 7.00% below today’s $42.23 share price. Acacia Communications, Inc. (ACIA) has $1.68 billion valuation. The stock increased 0.45% or $0.19 during the last trading session, reaching $42.23. About 1.06 million shares traded or 121.10% up from the average. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 55.67% since March 11, 2017 and is uptrending. It has outperformed by 38.97% the S&P500.

Among 5 analysts covering Acacia Communications (NASDAQ:ACIA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Acacia Communications had 9 analyst reports since June 7, 2016 according to SRatingsIntel. Needham maintained Acacia Communications, Inc. (NASDAQ:ACIA) rating on Tuesday, October 11. Needham has “Buy” rating and $125 target. Goldman Sachs initiated the shares of ACIA in report on Tuesday, June 7 with “Neutral” rating. Morgan Stanley initiated Acacia Communications, Inc. (NASDAQ:ACIA) on Thursday, December 8 with “Equal-Weight” rating. The firm has “Buy” rating by Deutsche Bank given on Tuesday, June 7. On Thursday, July 14 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Needham with “Buy” on Friday, August 12. Cowen & Co initiated the stock with “Outperform” rating in Tuesday, June 7 report. The rating was maintained by Deutsche Bank on Friday, September 9 with “Buy”. As per Tuesday, June 7, the company rating was initiated by Needham.

The stock decreased 1.22% or $0.55 during the last trading session, reaching $44.55. About 730,595 shares traded or 71.87% up from the average. Daqo New Energy Corp. (NYSE:DQ) has declined 5.57% since March 11, 2017 and is downtrending. It has underperformed by 22.27% the S&P500.

Daqo New Energy Corp., together with its subsidiaries, makes and sells polysilicon and wafers in the PeopleÂ’s Republic of China. The company has market cap of $468.62 million. It operates through two divisions, Polysilicon and Wafers. It has a 5.24 P/E ratio. The firm offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.