Semiconductor Manufacturing International Corp. (NYSE:SMI)’s share price rose 5.3% during trading on Friday . The company traded as high as $5.41 and last traded at $5.34, with a volume of 224,323 shares. The stock had previously closed at $5.07.

SMI has been the subject of a number of recent research reports. Citigroup Inc. raised shares of Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research raised shares of Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Wednesday, May 18th. Five investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $5.50.

The firm has a market capitalization of $587.40 million and a P/E ratio of 17.80. The company has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.30.

Semiconductor Manufacturing International Corp. (NYSE:SMI) last announced its quarterly earnings data 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 business had revenue of $690.20 million for the quarter, compared to analysts’ expectations of $667.85 million. During the same period in the prior year, the company posted $0.10 EPS. On average, analysts forecast that Semiconductor Manufacturing International Corp. will post $0.35 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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