Semiconductor Manufacturing International Corp. (SMI) Trading Down 8.2%
Shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) traded down 8.2% during trading on Wednesday . The stock traded as low as $5.31 and last traded at $5.36, with a volume of 216,468 shares traded. The stock had previously closed at $5.84.
Several analysts recently commented on the company. Zacks Investment Research cut Semiconductor Manufacturing International Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Citigroup Inc. upgraded Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $5.50.
The firm has a 50-day moving average price of $4.57 and a 200-day moving average price of $4.32. The company has a market cap of $596.20 million and a P/E ratio of 18.07.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $690.20 million for the quarter, compared to analyst estimates of $667.85 million. During the same period in the previous year, the business posted $0.10 earnings per share. On average, equities research analysts forecast that Semiconductor Manufacturing International Corp. will post $0.35 EPS 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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