Semiconductor Manufacturing International Corp. (SMI) Stock Price Down 1.9%
Semiconductor Manufacturing International Corp. (NYSE:SMI) was down 1.9% during trading on Tuesday . The company traded as low as $5.02 and last traded at $5.07, with a volume of 95,779 shares trading hands. The stock had previously closed at $5.17.
SMI has been the topic of a number of recent research reports. Citigroup Inc. upgraded shares of Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a report on Friday, August 12th. Zacks Investment Research lowered shares of Semiconductor Manufacturing International Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Six analysts have rated the stock with a buy rating, Semiconductor Manufacturing International Corp. currently has an average rating of “Buy” and an average target price of $5.50.
The stock has a market cap of $555.50 million and a P/E ratio of 16.83. The stock’s 50-day moving average price is $4.38 and its 200-day moving average price is $4.28.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 earnings per share 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 prior year, the firm earned $0.10 earnings per share. Equities research analysts predict that Semiconductor Manufacturing International Corp. will post $0.36 earnings per share 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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