Semiconductor Manufacturing International Corp. (SMI) Sees Strong Trading Volume
Shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) saw an uptick in trading volume on Monday . 305,829 shares were traded during mid-day trading, an increase of 170% from the previous session’s volume of 113,077 shares.The stock last traded at $5.15 and had previously closed at $4.91.
A number of brokerages recently issued reports on SMI. Zacks Investment Research cut Semiconductor Manufacturing International Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Citigroup Inc. upgraded Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research note on Friday. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $5.50.
The company has a market cap of $564.30 million and a PE ratio of 17.10. The firm’s 50 day moving average is $4.22 and its 200 day moving average is $4.25.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last announced its earnings results on Wednesday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. During the same period in the previous year, the business posted $0.10 earnings per share. The firm earned $690.20 million during the quarter, compared to analysts’ expectations of $667.85 million. On average, equities analysts predict 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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