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

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

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

EMCORE Stock Up 0.3 %

NASDAQ EMKR opened at $3.03 on Thursday. The company has a fifty day moving average of $3.01 and a two-hundred day moving average of $2.18. The firm has a market capitalization of $27.51 million, a price-to-earnings ratio of -1.04 and a beta of 1.70. EMCORE has a 52 week low of $0.78 and a 52 week high of $6.40.

Institutional Trading of EMCORE

An institutional investor recently bought a new position in EMCORE stock. Newbridge Financial Services Group Inc. bought a new position in shares of EMCORE Co. (NASDAQ:EMKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,053 shares of the semiconductor company’s stock, valued at approximately $39,000. Newbridge Financial Services Group Inc. owned about 0.14% of EMCORE at the end of the most recent quarter. Hedge funds and other 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.