EMCORE (NASDAQ:EMKR) Coverage Initiated at StockNews.com

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

EMCORE Price Performance

EMKR stock opened at $3.10 on Tuesday. The business’s fifty day moving average price is $3.06 and its two-hundred day moving average price is $2.58. The stock has a market capitalization of $28.15 million, a price-to-earnings ratio of -1.06 and a beta of 1.70. EMCORE has a fifty-two week low of $0.78 and a fifty-two week high of $4.11.

Institutional Trading of EMCORE

Institutional investors have recently bought and sold shares of the business. CSS LLC IL bought a new position in shares of EMCORE during the fourth quarter worth approximately $164,000. Beryl Capital Management LLC acquired a new stake in EMCORE during the fourth quarter worth approximately $2,625,000. Gabelli Funds LLC bought a new position in EMCORE during the 4th quarter worth $225,000. Renaissance Technologies LLC raised its holdings in EMCORE by 6.4% in the 4th quarter. Renaissance Technologies LLC now owns 158,658 shares of the semiconductor company’s stock valued at $476,000 after acquiring an additional 9,500 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of EMCORE by 18.3% during the 4th quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 11,985 shares during the period. 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.