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

StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a research note published on Saturday. The brokerage issued a hold rating on the semiconductor company’s stock.

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

EMCORE Stock Down 1.0 %

NASDAQ EMKR opened at $3.03 on Friday. The business has a fifty day moving average price of $2.75 and a two-hundred day moving average price of $1.81. The stock has a market capitalization of $27.47 million, a PE ratio of -0.35 and a beta of 1.70. EMCORE has a fifty-two week low of $0.78 and a fifty-two week high of $7.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.88 and a quick ratio of 1.64.

Institutional Investors Weigh In On EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. grew its position in shares of EMCORE Co. (NASDAQ:EMKR) by 29.7% during the third quarter, according to 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.