Semiconductor Manufacturing International Corp. (SMI) Trading Down 1.9%
Semiconductor Manufacturing International Corp. (NYSE:SMI) shares were down 1.9% during mid-day trading on Tuesday . The stock traded as low as $5.02 and last traded at $5.07, with a volume of 95,779 shares traded. The stock had previously closed at $5.17.
Several research analysts have issued reports on SMI shares. Zacks Investment Research raised Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a report on Wednesday, April 27th. Citigroup Inc. raised Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a report on Friday, August 12th. Six investment analysts have rated the stock with a buy rating, Semiconductor Manufacturing International Corp. presently has an average rating of “Buy” and a consensus price target of $5.50.
The company has a market cap of $556.60 million and a P/E ratio of 16.87. The firm’s 50-day moving average price is $4.41 and its 200-day moving average price is $4.28.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last released its quarterly earnings results 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 business earned $690.20 million during the quarter, compared to analyst estimates of $667.85 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, analysts forecast that Semiconductor Manufacturing International Corp. will post $0.35 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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