Semiconductor Manufacturing International Corp. (SMI) Sees Strong Trading Volume
Semiconductor Manufacturing International Corp. (NYSE:SMI) shares saw unusually-strong trading volume on Tuesday . Approximately 87,012 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 51,045 shares.The stock last traded at $4.38 and had previously closed at $4.33.
Separately, Zacks Investment Research raised Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Tuesday, April 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Semiconductor Manufacturing International Corp. presently has an average rating of “Buy” and an average price target of $4.75.
The stock has a 50 day moving average of $4.14 and a 200-day moving average of $4.24. The company has a market cap of $516.99 million and a P/E ratio of 15.6663.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last announced its earnings results on Wednesday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. During the same period in the previous year, the firm earned $0.10 EPS. The company had revenue of $690.20 million for the quarter, compared to analysts’ expectations of $667.85 million. On average, equities research analysts anticipate that Semiconductor Manufacturing International Corp. will post $0.26 earnings per share for the current year.
Semiconductor Manufacturing International Corporation (SMIC) is engaged in the computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits and other semiconductor services, as well as designing and manufacturing semiconductor masks. SMIC provides integrated circuit (IC) foundry and technology services at 0.35-micron to 28-nanometer.
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