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

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

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

EMCORE Stock Performance

EMKR stock opened at $3.06 on Tuesday. The stock has a market cap of $27.78 million, a price-to-earnings ratio of -1.05 and a beta of 1.69. The company’s 50 day moving average is $2.99 and its 200 day moving average is $2.06. EMCORE has a 1-year low of $0.78 and a 1-year high of $7.20.

Institutional Trading of EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. boosted its position in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,720 shares of the semiconductor company’s stock after purchasing an additional 18,250 shares during the quarter. Kovack Advisors Inc. owned approximately 0.88% of EMCORE worth $176,000 at the end of the most recent quarter. 65.66% of the stock is owned by 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.