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

StockNews.com began coverage on shares of EMCORE (NASDAQ:EMKR) in a research note issued to investors on Wednesday. The firm issued 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 report on Friday, November 8th.

EMCORE Stock Performance

Shares of NASDAQ EMKR opened at $3.05 on Wednesday. EMCORE has a 52-week low of $0.78 and a 52-week high of $7.20. The company’s 50 day moving average price is $3.00 and its 200-day moving average price is $2.11. The company has a market capitalization of $27.69 million, a P/E ratio of -1.05 and a beta of 1.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in EMCORE stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of EMCORE Co. (NASDAQ:EMKR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,053 shares of the semiconductor company’s stock, valued at approximately $39,000. Newbridge Financial Services Group Inc. owned 0.14% of EMCORE at the end of the most recent quarter. Institutional investors own 65.66% of the company’s stock.

EMCORE Company Profile

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.