EMCORE (NASDAQ:EMKR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR) in a research note issued on Tuesday. The brokerage set a “hold” rating on the semiconductor company’s stock.

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

EMCORE Stock Up 1.7 %

Shares of EMKR stock opened at $3.06 on Tuesday. EMCORE has a twelve month low of $0.78 and a twelve month high of $7.20. The business has a fifty day simple moving average of $2.99 and a 200 day simple moving average of $2.05. The company has a market cap of $27.78 million, a P/E ratio of -1.05 and a beta of 1.69.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. raised its holdings in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 79,720 shares of the semiconductor company’s stock after acquiring 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 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.