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

StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a report released on Friday morning. The firm issued a hold rating on the semiconductor company’s stock.

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

EMCORE Trading Up 1.4 %

Shares of EMCORE stock opened at $3.00 on Friday. The stock has a market cap of $27.20 million, a PE ratio of -0.34 and a beta of 1.70. The firm has a fifty day moving average price of $2.67 and a 200 day moving average price of $1.72. EMCORE has a 1 year low of $0.78 and a 1 year high of $7.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.88 and a quick ratio of 1.64.

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 third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,720 shares of the semiconductor company’s stock after acquiring an additional 18,250 shares during the period. Kovack Advisors Inc. owned approximately 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.