EMCORE (NASDAQ:EMKR) Research Coverage Started at StockNews.com

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

Separately, Craig Hallum lowered shares of EMCORE from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th.

EMCORE Stock Performance

Shares of EMKR opened at $3.08 on Friday. EMCORE has a 52 week low of $0.78 and a 52 week high of $4.60. The firm has a market cap of $27.97 million, a P/E ratio of -1.05 and a beta of 1.70. The firm’s 50-day simple moving average is $3.03 and its 200 day simple moving average is $2.36.

Institutional Trading of EMCORE

A number of institutional investors have recently bought and sold shares of EMKR. Beryl Capital Management LLC bought a new stake in EMCORE in the 4th quarter valued at about $2,625,000. Gardner Lewis Asset Management L P bought a new stake in EMCORE in the 4th quarter valued at about $1,758,000. Gabelli Funds LLC bought a new stake in EMCORE in the 4th quarter valued at about $225,000. CSS LLC IL bought a new stake in shares of EMCORE during the 4th quarter worth approximately $164,000. Finally, Virtu Financial LLC bought a new stake in shares of EMCORE during the 4th quarter worth approximately $88,000. 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.