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

StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKRFree Report) in a report published on Monday. The firm issued a hold rating on the semiconductor company’s stock.

EMCORE Price Performance

Shares of EMCORE stock opened at $0.52 on Monday. The stock has a 50-day moving average price of $0.45 and a 200 day moving average price of $0.54. The company has a current ratio of 3.21, a quick ratio of 2.20 and a debt-to-equity ratio of 0.34. The company has a market cap of $40.13 million, a P/E ratio of -0.38 and a beta of 1.59. EMCORE has a 1 year low of $0.36 and a 1 year high of $1.49.

EMCORE (NASDAQ:EMKRGet Free Report) last posted its quarterly earnings results on Tuesday, December 12th. The semiconductor company reported ($0.05) earnings per share for the quarter. The company had revenue of $26.77 million during the quarter, compared to analyst estimates of $27.60 million. EMCORE had a negative return on equity of 30.95% and a negative net margin of 72.56%. As a group, analysts expect that EMCORE will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On EMCORE

A number of large investors have recently bought and sold shares of EMKR. Sei Investments Co. raised its holdings in EMCORE by 36.1% in the 1st quarter. Sei Investments Co. now owns 13,657 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 3,623 shares during the period. Chai Trust Co. LLC bought a new position in EMCORE in the 2nd quarter valued at $38,000. Walleye Trading LLC bought a new position in shares of EMCORE in the first quarter valued at about $43,000. Two Sigma Securities LLC acquired a new position in shares of EMCORE during the second quarter worth approximately $51,000. Finally, XTX Topco Ltd boosted its position in EMCORE by 34.9% in the 1st quarter. XTX Topco Ltd now owns 13,853 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 3,583 shares during the last quarter. 43.67% of the stock is currently owned by 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.

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