Semiconductor Manufacturing International Corp. (NYSE:SMI) gapped up prior to trading on Friday . The stock had previously closed at $4.61, but opened at $4.70. Semiconductor Manufacturing International Corp. shares last traded at $4.90, with a volume of 199,138 shares trading hands.

Several equities research analysts have recently weighed in on the stock. Citigroup Inc. raised shares of Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of Semiconductor Manufacturing International Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Semiconductor Manufacturing International Corp. has an average rating of “Buy” and a consensus price target of $4.75.

The company has a 50-day moving average of $4.18 and a 200-day moving average of $4.24. The company has a market cap of $540.10 million and a P/E ratio of 16.37.

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, topping the consensus estimate of $0.04 by $0.07. During the same period last year, the firm earned $0.10 EPS. The business had revenue of $690.20 million for the quarter, compared to analyst estimates of $667.85 million. On average, analysts forecast that Semiconductor Manufacturing International Corp. will post $0.26 earnings per share for the current fiscal 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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