EMCORE Co. (NASDAQ:EMKR – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.58 and traded as high as $3.11. EMCORE shares last traded at $3.10, with a volume of 120,529 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of EMCORE in a report on Tuesday. They issued a “hold” rating for the company.
View Our Latest Report on EMKR
EMCORE Stock Up 1.0 %
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of EMCORE during the fourth quarter worth about $39,000. CSS LLC IL acquired a new position in shares of EMCORE during the fourth quarter worth about $164,000. Beryl Capital Management LLC acquired a new position in shares of EMCORE during the fourth quarter worth about $2,625,000. Renaissance Technologies LLC increased its stake in shares of EMCORE by 6.4% during the fourth quarter. Renaissance Technologies LLC now owns 158,658 shares of the semiconductor company’s stock worth $476,000 after acquiring an additional 9,500 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of EMCORE by 18.3% during the fourth quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 11,985 shares during the 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.
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