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

StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a report issued on Monday morning. The brokerage 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 report on Friday, November 8th.

EMCORE Price Performance

Shares of NASDAQ EMKR opened at $2.99 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.88 and a quick ratio of 1.64. The business has a 50-day moving average of $2.96 and a 200-day moving average of $1.98. The stock has a market capitalization of $27.11 million, a price-to-earnings ratio of -0.34 and a beta of 1.69. EMCORE has a fifty-two week low of $0.78 and a fifty-two week high of $7.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EMCORE stock. Kovack Advisors Inc. boosted its position in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 79,720 shares of the semiconductor company’s stock after purchasing an additional 18,250 shares during the period. Kovack Advisors Inc. owned about 0.88% of EMCORE worth $176,000 as of its most recent filing with the SEC. 65.66% of the stock is currently owned by hedge funds and other institutional investors.

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.