EMCORE (NASDAQ:EMKR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a research note published on Thursday. The firm issued a hold rating on the semiconductor company’s stock.

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

EMCORE Stock Performance

NASDAQ EMKR opened at $2.95 on Thursday. The stock has a market capitalization of $26.76 million, a price-to-earnings ratio of -0.34 and a beta of 1.70. The business’s 50 day moving average is $2.61 and its two-hundred day moving average is $1.66. EMCORE has a 12-month low of $0.78 and a 12-month high of $7.20. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. increased its position in EMCORE Co. (NASDAQ:EMKR) by 29.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing. Hedge funds and other 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.