Semiconductor Manufacturing International Corp. (SMI) Sees Large Volume Increase
Semiconductor Manufacturing International Corp. (NYSE:SMI) saw an uptick in trading volume on Monday . 305,829 shares traded hands during mid-day trading, an increase of 170% from the previous session’s volume of 113,077 shares.The stock last traded at $5.15 and had previously closed at $4.91.
A number of brokerages have commented on SMI. Zacks Investment Research raised shares of Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Saturday. Citigroup Inc. raised shares of Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, August 12th. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $5.50.
The stock has a 50 day moving average of $4.25 and a 200-day moving average of $4.25. The stock has a market capitalization of $543.40 million and a PE ratio of 16.47.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last posted its earnings results on Wednesday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm earned $690.20 million during the quarter, compared to analyst estimates of $667.85 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Equities research analysts expect that Semiconductor Manufacturing International Corp. will post $0.36 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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