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

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

The stock has a market capitalization of $445.50 million and a price-to-earnings ratio of 13.50. The firm’s 50 day moving average price is $4.11 and its 200 day moving average price is $4.32.

Semiconductor Manufacturing International Corp. (NYSE:SMI) last announced its quarterly earnings data on Monday, May 16th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Analysts predict that Semiconductor Manufacturing International Corp. will post $0.26 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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