Shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) shot up 5.3% during trading on Friday . The stock traded as high as $5.41 and last traded at $5.34, with a volume of 224,323 shares changing hands. The stock had previously closed at $5.07.

Several research firms recently commented on SMI. Zacks Investment Research lowered shares of Semiconductor Manufacturing International Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Citigroup Inc. upgraded shares of Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $5.50.

The company has a market cap of $588.50 million and a price-to-earnings ratio of 17.83. The stock’s 50 day moving average is $4.44 and its 200 day moving average is $4.29.

Semiconductor Manufacturing International Corp. (NYSE:SMI) last issued 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 company earned $690.20 million during the quarter, compared to analyst estimates of $667.85 million. During the same quarter in the previous year, the company posted $0.10 EPS. Equities research analysts forecast that Semiconductor Manufacturing International Corp. will post $0.35 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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