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

StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR) in a research report sent to investors on Thursday morning. The firm issued 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 report on Friday, November 8th.

EMCORE Trading Down 1.0 %

Shares of EMCORE stock opened at $3.02 on Thursday. EMCORE has a 1 year low of $0.78 and a 1 year high of $6.69. The stock has a 50-day moving average price of $3.01 and a 200 day moving average price of $2.18. The company has a market cap of $27.42 million, a P/E ratio of -1.04 and a beta of 1.70.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. increased its position in EMCORE Co. (NASDAQ:EMKR) by 29.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,720 shares of the semiconductor company’s stock after buying an additional 18,250 shares during the period. Kovack Advisors Inc. owned 0.88% of EMCORE worth $176,000 at the end of the most recent reporting period. 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.