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

StockNews.com initiated coverage on shares of EMCORE (NASDAQ:EMKR) in a research report released on Sunday 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 research report on Friday, November 8th.

EMCORE Price Performance

EMCORE stock opened at $3.10 on Friday. The stock has a market cap of $28.15 million, a P/E ratio of -1.06 and a beta of 1.70. EMCORE has a 1 year low of $0.78 and a 1 year high of $4.60. The firm’s 50 day moving average price is $3.04 and its 200-day moving average price is $2.43.

Institutional Investors Weigh In On EMCORE

Several large investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new position in EMCORE during the fourth quarter worth $39,000. Virtu Financial LLC purchased a new position in EMCORE during the fourth quarter worth $88,000. CSS LLC IL purchased a new position in EMCORE during the fourth quarter worth $164,000. Kovack Advisors Inc. boosted its stake in EMCORE by 29.7% during the third quarter. Kovack Advisors Inc. now owns 79,720 shares of the semiconductor company’s stock worth $176,000 after buying an additional 18,250 shares during the period. Finally, Gabelli Funds LLC purchased a new position in EMCORE during the fourth quarter worth $225,000. 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.