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

StockNews.com began coverage on shares of EMCORE (NASDAQ:EMKRFree Report) in a research report released on Monday 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 research report on Friday, November 8th.

Read Our Latest Stock Report on EMCORE

EMCORE Price Performance

Shares of NASDAQ EMKR opened at $2.99 on Monday. The firm has a market cap of $27.11 million, a P/E ratio of -0.34 and a beta of 1.69. The business’s 50 day moving average is $2.96 and its 200-day moving average is $1.98. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. 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. increased its stake in shares of EMCORE Co. (NASDAQ:EMKRFree Report) by 29.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,720 shares of the semiconductor company’s stock after buying an additional 18,250 shares during the quarter. Kovack Advisors Inc. owned about 0.88% of EMCORE worth $176,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 65.66% of the company’s stock.

About EMCORE

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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.

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