EMCORE (NASDAQ:EMKR) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR) in a report issued on Friday. The firm set a “hold” rating on the semiconductor company’s stock.

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

EMCORE Stock Performance

Shares of NASDAQ EMKR opened at $3.00 on Friday. The stock has a market cap of $27.20 million, a PE ratio of -0.34 and a beta of 1.70. EMCORE has a 1 year low of $0.78 and a 1 year high of $7.20. The firm has a fifty day moving average price of $2.68 and a 200-day moving average price of $1.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.88 and a quick ratio of 1.64.

Institutional Investors Weigh In On EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. raised its position in shares of EMCORE Co. (NASDAQ:EMKR) by 29.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,720 shares of the semiconductor company’s stock after acquiring 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 (SEC). Institutional investors and hedge funds 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.