EMCORE (NASDAQ:EMKR) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of EMCORE (NASDAQ:EMKR) in a research report issued to clients and investors on Thursday. The firm set 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 EMKR stock opened at $2.95 on Thursday. The firm’s 50 day moving average price is $2.61 and its two-hundred day moving average price is $1.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.64 and a current ratio of 2.88. EMCORE has a 52-week low of $0.78 and a 52-week high of $7.20. The stock has a market cap of $26.76 million, a PE ratio of -0.34 and a beta of 1.70.

Institutional Trading of EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. increased its holdings in shares of EMCORE Co. (NASDAQ:EMKR) by 29.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,720 shares of the semiconductor company’s stock after buying an additional 18,250 shares during the quarter. Kovack Advisors Inc. owned 0.88% of EMCORE worth $176,000 as of its most recent SEC filing. 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.