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Semiconductor Manufacturing (SMI) in Focus: Stock Up 5.7%
Semiconductor Manufacturing International Corp. (SMI - Free Report) was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven by the company’s announcement of better-than-expected second-quarter 2016 earnings and raised full-year growth outlook. This continues the recent uptrend for the company since Jun 29, as the stock is now up almost 14%.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Semiconductor Manufacturing currently carries a Zacks Rank #3 (Hold).
SEMICON MFG-ADR Price
SEMICON MFG-ADR Price | SEMICON MFG-ADR Quote
A better-ranked stock from the Electronic-Computer Semiconductor industry is Amkor Technology, Inc. (AMKR - Free Report) , which sports a Zacks Rank #1 (Strong Buy).
Is SMI going up? Or down? Predict to see what others think: Up or Down
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