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

Equities researchers at StockNews.com began coverage on shares of EMCORE (NASDAQ:EMKR) in a research note issued on Sunday. The firm set 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 Stock Down 0.7 %

Shares of NASDAQ EMKR opened at $2.98 on Friday. The stock has a market capitalization of $27.02 million, a P/E ratio of -0.34 and a beta of 1.69. EMCORE has a one year low of $0.78 and a one year high of $7.20. The firm’s 50 day simple moving average is $2.83 and its two-hundred day simple moving average is $1.88. 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 Trading of EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. boosted its position in shares of EMCORE Co. (NASDAQ:EMKR) by 29.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,720 shares of the semiconductor company’s stock after buying 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 filing with the Securities & Exchange Commission. 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.