EMCORE (NASDAQ:EMKR) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR) in a research report report published on Saturday morning. The firm issued a hold rating on the semiconductor company’s stock.

Separately, Craig Hallum cut EMCORE from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th.

EMCORE Stock Down 1.0 %

NASDAQ:EMKR opened at $3.07 on Friday. EMCORE has a 52 week low of $0.78 and a 52 week high of $4.60. The stock has a market capitalization of $27.88 million, a PE ratio of -1.05 and a beta of 1.70. The stock’s 50-day moving average price is $3.03 and its 200-day moving average price is $2.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new position in EMCORE in the 4th quarter valued at about $39,000. Virtu Financial LLC purchased a new position in EMCORE in the 4th quarter valued at about $88,000. CSS LLC IL purchased a new position in EMCORE in the 4th quarter valued at about $164,000. Kovack Advisors Inc. lifted its stake in EMCORE by 29.7% in the 3rd quarter. Kovack Advisors Inc. now owns 79,720 shares of the semiconductor company’s stock valued at $176,000 after buying an additional 18,250 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new position in EMCORE in the 4th quarter valued at about $225,000. 65.66% of the stock is owned by hedge funds and other institutional investors.

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.