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

StockNews.com initiated coverage on shares of EMCORE (NASDAQ:EMKR) in a research note published on Saturday morning. The firm issued a hold rating on the semiconductor company’s stock.

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

EMCORE Stock Performance

Shares of EMCORE stock opened at $3.00 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. The company has a market cap of $27.20 million, a PE ratio of -0.34 and a beta of 1.70. The company has a 50 day moving average of $2.75 and a 200-day moving average of $1.82. EMCORE has a 1-year low of $0.78 and a 1-year high of $7.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EMCORE stock. Kovack Advisors Inc. boosted its holdings in EMCORE Co. (NASDAQ:EMKR) by 29.7% during the 3rd 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 purchasing an additional 18,250 shares during the period. Kovack Advisors Inc. owned about 0.88% of EMCORE worth $176,000 as of its most recent SEC filing. Institutional investors and hedge funds own 65.66% of the company’s stock.

About EMCORE

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.