StockNews.com Begins Coverage on EMCORE (NASDAQ:EMKR)

Research analysts at StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a report issued on Tuesday. The firm set a “hold” rating on the semiconductor company’s stock.

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

EMCORE Trading Up 1.4 %

EMKR stock opened at $3.00 on Tuesday. The business has a fifty day moving average price of $2.18 and a 200 day moving average price of $1.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.88 and a quick ratio of 1.64. EMCORE has a fifty-two week low of $0.78 and a fifty-two week high of $7.20. The stock has a market capitalization of $27.20 million, a price-to-earnings ratio of -0.34 and a beta of 1.57.

Institutional Investors Weigh In On EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. raised its holdings in EMCORE Co. (NASDAQ:EMKR) by 29.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,720 shares of the semiconductor company’s stock after acquiring an additional 18,250 shares during the quarter. Kovack Advisors Inc. owned about 0.88% of EMCORE worth $176,000 as of its most recent SEC filing. Hedge funds and other 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.