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

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

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

EMCORE Stock Performance

Shares of EMKR stock opened at $3.02 on Thursday. The stock’s 50 day simple moving average is $3.01 and its 200 day simple moving average is $2.18. EMCORE has a twelve month low of $0.78 and a twelve month high of $6.69. The company has a market capitalization of $27.42 million, a price-to-earnings ratio of -1.04 and a beta of 1.70.

Institutional Trading of EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. grew its holdings in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. 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.