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

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

EMCORE Stock Performance

Shares of NASDAQ EMKR opened at $3.00 on Tuesday. The business has a fifty day simple moving average of $2.33 and a 200 day simple moving average of $1.51. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $27.20 million, a price-to-earnings ratio of -0.34 and a beta of 1.57. EMCORE has a one year low of $0.78 and a one year high of $7.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. boosted its stake in shares of EMCORE Co. (NASDAQ:EMKR) by 29.7% in the 3rd quarter, according to its most recent Form 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 quarter. Kovack Advisors Inc. owned 0.88% of EMCORE worth $176,000 as of its most recent SEC filing. 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.