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

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

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

EMCORE Price Performance

EMCORE stock opened at $2.98 on Tuesday. The company has a market capitalization of $27.03 million, a price-to-earnings ratio of -0.34 and a beta of 1.57. The stock’s 50 day moving average is $2.30 and its 200-day moving average is $1.50. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. EMCORE has a 12 month low of $0.78 and a 12 month high of $7.20.

Institutional Investors Weigh In On EMCORE

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% during the third quarter, according to the company in its most recent 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 0.88% of EMCORE worth $176,000 at the end of the most recent reporting period. 65.66% of the stock is currently owned by hedge funds and other institutional investors.

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.