Semiconductor Manufacturing International Corp. (SMI) Sees Unusually-High Trading Volume
Shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) saw unusually-strong trading volume on Tuesday . Approximately 87,012 shares changed hands during trading, an increase of 70% from the previous session’s volume of 51,045 shares.The stock last traded at $4.38 and had previously closed at $4.33.
Separately, Zacks Investment Research upgraded Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research report on Wednesday, April 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Semiconductor Manufacturing International Corp. currently has an average rating of “Buy” and an average target price of $4.75.
The stock’s 50-day moving average price is $4.12 and its 200 day moving average price is $4.23. The company has a market capitalization of $485.10 million and a price-to-earnings ratio of 14.70.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last issued its quarterly earnings data on Monday, May 16th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. On average, equities analysts forecast that Semiconductor Manufacturing International Corp. will post $0.26 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.