Semiconductor Manufacturing International Corp. (NYSE:SMI) shares traded down 0.2% during mid-day trading on Friday . The stock traded as low as $4.05 and last traded at $4.05, with a volume of 51,273 shares. The stock had previously closed at $4.06.

Separately, Zacks Investment Research raised shares of Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Tuesday, April 19th. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $4.75.

The stock has a market capitalization of $445.50 million and a P/E ratio of 13.50. The firm has a 50 day moving average of $4.11 and a 200-day moving average of $4.32.

Semiconductor Manufacturing International Corp. (NYSE:SMI) last announced its earnings results on Monday, May 16th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. On average, equities research analysts forecast that Semiconductor Manufacturing International Corp. will post $0.26 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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