Semiconductor Manufacturing International Corp. (SMI) Trading Up 2%
Shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) were up 2% during trading on Friday . The company traded as high as $5.13 and last traded at $5.12, with a volume of 75,018 shares changing hands. The stock had previously closed at $5.02.
A number of analysts have commented on SMI shares. Citigroup Inc. raised shares of Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Zacks Investment Research cut shares of Semiconductor Manufacturing International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Six research analysts have rated the stock with a buy rating, Semiconductor Manufacturing International Corp. currently has an average rating of “Buy” and an average price target of $5.50.
The stock has a 50-day moving average price of $4.30 and a 200-day moving average price of $4.26. The company has a market cap of $566.50 million and a P/E ratio of 17.17.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last issued its earnings results on Wednesday, August 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business earned $690.20 million during the quarter, compared to analysts’ expectations of $667.85 million. During the same quarter in the previous year, the business earned $0.10 EPS. Equities analysts forecast 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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