Semiconductor Manufacturing Int'l (SMI) Shares Down 8.2%
Semiconductor Manufacturing Int'l (NYSE:SMI) shares were down 8.2% on Wednesday . The stock traded as low as $5.31 and last traded at $5.36, with a volume of 216,468 shares trading hands. The stock had previously closed at $5.84.
Several research analysts recently weighed in on SMI shares. Zacks Investment Research raised shares of Semiconductor Manufacturing Int'l from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research note on Wednesday, May 18th. Citigroup Inc. raised shares of Semiconductor Manufacturing Int'l from a “neutral” rating to a “buy” rating in a research note on Friday, August 12th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $5.50.
The company’s 50 day moving average is $4.65 and its 200-day moving average is $4.34. The firm has a market capitalization of $620.40 million and a P/E ratio of 18.80.
Semiconductor Manufacturing Int'l (NYSE:SMI) last announced its earnings results on Wednesday, August 10th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. During the same period in the prior year, the company earned $0.10 earnings per share. The company had revenue of $690.20 million for the quarter, compared to analysts’ expectations of $667.85 million. On average, equities analysts forecast that Semiconductor Manufacturing Int'l will post $0.35 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 (ICs) and other semiconductor services, as well as designing and manufacturing semiconductor masks. The Company provides IC foundry and technology services at 0.35-micron to 28-nanometer.
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