EMCORE (NASDAQ:EMKR) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of EMCORE (NASDAQ:EMKR) in a note issued to investors on Monday. The brokerage set a “hold” rating on the semiconductor company’s stock.

Separately, Craig Hallum downgraded EMCORE from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th.

EMCORE Stock Performance

Shares of EMCORE stock traded up $0.03 on Monday, hitting $2.93. The stock had a trading volume of 137,703 shares, compared to its average volume of 528,459. EMCORE has a twelve month low of $0.78 and a twelve month high of $7.20. The business’s 50 day moving average is $2.03 and its two-hundred day moving average is $1.45. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.14. The stock has a market cap of $26.58 million, a price-to-earnings ratio of -0.33 and a beta of 1.57.

Institutional Investors Weigh In On EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. lifted its stake in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,720 shares of the semiconductor company’s stock after buying an additional 18,250 shares during the period. Kovack Advisors Inc. owned approximately 0.88% of EMCORE worth $176,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 65.66% of the company’s stock.

About EMCORE

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems.