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

Analysts at StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR) in a research report issued on Saturday. The brokerage set 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 Stock Performance

Shares of EMKR opened at $3.03 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 stock has a 50-day moving average price of $2.75 and a 200-day moving average price of $1.81. The company has a market cap of $27.47 million, a PE ratio of -0.35 and a beta of 1.70. EMCORE has a 12-month low of $0.78 and a 12-month high of $7.20.

Institutional Trading of EMCORE

A hedge fund recently raised its stake in EMCORE stock. Kovack Advisors Inc. lifted its holdings in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the third quarter, according to the company in its most recent 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 0.88% of EMCORE worth $176,000 at the end of the most recent quarter. 65.66% of the stock is 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.