Semiconductor Manufacturing International Corp. (SMI) Sees Large Volume Increase
Shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) saw unusually-strong trading volume on Monday . Approximately 156,716 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 137,663 shares.The stock last traded at $5.17 and had previously closed at $5.15.
Several equities analysts have commented on SMI shares. Zacks Investment Research upgraded Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $4.75 target price for the company 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 analysts have rated the stock with a buy rating, Semiconductor Manufacturing International Corp. currently has a consensus rating of “Buy” and an average price target of $5.50.
The stock has a 50-day moving average price of $4.37 and a 200 day moving average price of $4.27. The company has a market capitalization of $568.70 million and a P/E ratio of 17.23.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $690.20 million for the quarter, compared to the consensus estimate of $667.85 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Analysts predict that Semiconductor Manufacturing International Corp. will post $0.36 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.
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