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

StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR) in a research report report published on Tuesday morning. The firm 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 report on Friday, November 8th.

EMCORE Price Performance

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

Institutional Investors Weigh In On EMCORE

A hedge fund recently raised its stake in EMCORE stock. Kovack Advisors Inc. increased its position in shares of EMCORE Co. (NASDAQ:EMKR) by 29.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,720 shares of the semiconductor company’s stock after buying an additional 18,250 shares during the period. Kovack Advisors Inc. owned 0.88% of EMCORE worth $176,000 as of its most recent filing with the Securities and Exchange Commission. 65.66% of the stock is currently owned by 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.