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

Posted by on Jan 13th, 2025

Research analysts at StockNews.com initiated coverage on shares of EMCORE (NASDAQ:EMKR – Get Free Report) in a research report issued to clients and investors on Monday. 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 report on Friday, November 8th.

Check Out Our Latest Stock Analysis on EMCORE

EMCORE Price Performance

Shares of NASDAQ:EMKR opened at $3.01 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $2.92 and a 200 day moving average price of $1.96. EMCORE has a 52 week low of $0.78 and a 52 week high of $7.20. The company has a market cap of $27.29 million, a P/E ratio of -0.34 and a beta of 1.69.

Institutional Trading of EMCORE

A hedge fund recently raised its stake in EMCORE stock. Kovack Advisors Inc. boosted its holdings in shares of EMCORE Co. (NASDAQ:EMKR – Free Report) by 29.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 hedge funds and other institutional investors.

EMCORE Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for EMCORE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCORE and related companies with MarketBeat.com's FREE daily email newsletter.