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

StockNews.com initiated coverage on shares of EMCORE (NASDAQ:EMKR) in a research report issued on Monday. The firm set 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 Trading Up 0.3 %

NASDAQ EMKR opened at $3.00 on Monday. The stock’s fifty day moving average price is $2.94 and its 200-day moving average price is $1.97. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. The stock has a market cap of $27.20 million, a P/E ratio of -0.34 and a beta of 1.69. EMCORE has a 12 month low of $0.78 and a 12 month high of $7.20.

Institutional Trading of EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. increased its holdings in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 79,720 shares of the semiconductor company’s stock after buying an additional 18,250 shares during the quarter. Kovack Advisors Inc. owned about 0.88% of EMCORE worth $176,000 at the end of the most recent reporting period. 65.66% of the stock is currently owned by institutional investors and hedge funds.

About EMCORE

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.