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

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

Separately, Craig Hallum lowered shares of EMCORE from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th.

EMCORE Stock Up 0.5 %

EMKR stock opened at $2.95 on Thursday. EMCORE has a one year low of $0.78 and a one year high of $7.20. The company has a fifty day moving average price of $2.60 and a two-hundred day moving average price of $1.64. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On EMCORE

An institutional investor recently raised its position in EMCORE stock. Kovack Advisors Inc. raised its holdings in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,720 shares of the semiconductor company’s stock after purchasing an additional 18,250 shares during the period. Kovack Advisors Inc. owned approximately 0.88% of EMCORE worth $176,000 at the end of the most recent quarter. Institutional investors own 65.66% of the company’s stock.

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.