Semiconductor Manufacturing International Corporation (OTCMKTS:SMICY)’s stock price rose 1.7% during trading on Friday . The stock traded as high as $6.72 and last traded at $6.69, approximately 77,145 shares traded hands during trading. A decline of 48% from the average daily volume of 149,332 shares. The stock had previously closed at $6.58.
SMICY has been the subject of a number of analyst reports. ValuEngine lowered shares of Semiconductor Manufacturing International from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Semiconductor Manufacturing International from a “hold” rating to a “strong-buy” rating and set a $7.50 target price on the stock in a research note on Friday, November 15th.
The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.84 and a current ratio of 2.35. The stock’s 50-day moving average is $6.35. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 44.60 and a beta of 0.64.
Semiconductor Manufacturing International Company Profile (OTCMKTS:SMICY)
Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services. It is also involved in wafer manufacturing, wafer probing and bumping, technology development, design service, mask manufacturing, assembly and final testing of integrated circuits; and sales of self-manufactured products.
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