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

Analysts at StockNews.com began coverage on shares of EMCORE (NASDAQ:EMKR) in a note issued to investors on Friday. 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 Down 0.7 %

NASDAQ EMKR opened at $2.96 on Friday. The business has a fifty day moving average price of $2.65 and a 200 day moving average price of $1.71. EMCORE has a one year low of $0.78 and a one year high of $7.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.64 and a current ratio of 2.88. The company has a market cap of $26.84 million, a P/E ratio of -0.34 and a beta of 1.70.

Hedge Funds Weigh In On EMCORE

A hedge fund recently raised its stake in EMCORE stock. Kovack Advisors Inc. lifted its stake in shares of EMCORE Co. (NASDAQ:EMKR) by 29.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,720 shares of the semiconductor company’s stock after acquiring an additional 18,250 shares during the period. Kovack Advisors Inc. owned 0.88% of EMCORE worth $176,000 as of its most recent filing with the Securities & Exchange Commission. 65.66% of the stock is owned by institutional investors.

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.