Shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) rose 2% during trading on Friday . The company traded as high as $5.13 and last traded at $5.12, with a volume of 75,018 shares. The stock had previously closed at $5.02.

SMI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Wednesday, April 27th. Citigroup Inc. upgraded Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Six equities research analysts have rated the stock with a buy rating, Semiconductor Manufacturing International Corp. currently has an average rating of “Buy” and a consensus target price of $5.50.

The company has a market cap of $566.50 million and a PE ratio of 17.17. The stock’s 50-day moving average is $4.33 and its 200 day moving average is $4.27.

Semiconductor Manufacturing International Corp. (NYSE:SMI) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The company earned $690.20 million during the quarter, compared to analyst estimates of $667.85 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. On average, equities analysts expect that Semiconductor Manufacturing International Corp. will post $0.36 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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