Semiconductor Manufacturing International Corp. (NYSE:SMI) shares 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.

SMI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Tuesday, April 19th. Citigroup Inc. upgraded Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research report on Friday. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $5.50.

The company’s 50 day moving average price is $4.18 and its 200-day moving average price is $4.24. The stock has a market capitalization of $540.10 million and a P/E ratio of 16.37.

Semiconductor Manufacturing International Corp. (NYSE:SMI) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $690.20 million for the quarter, compared to analysts’ expectations of $667.85 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. On average, equities analysts forecast that Semiconductor Manufacturing International Corp. will post $0.26 EPS 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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