StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR – Free Report) in a research note released on Tuesday. The firm issued a hold rating on the semiconductor company’s stock.
EMCORE Stock Performance
Shares of EMKR opened at $3.10 on Tuesday. The company has a market capitalization of $28.15 million, a PE ratio of -1.06 and a beta of 1.70. The stock has a fifty day moving average of $3.06 and a two-hundred day moving average of $2.59. EMCORE has a fifty-two week low of $0.78 and a fifty-two week high of $4.11.
Institutional Trading of EMCORE
Institutional investors and hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of EMCORE during the 4th quarter worth $39,000. Virtu Financial LLC acquired a new stake in shares of EMCORE during the 4th quarter worth $88,000. CSS LLC IL acquired a new stake in shares of EMCORE during the 4th quarter worth $164,000. Gabelli Funds LLC acquired a new stake in shares of EMCORE during the 4th quarter worth $225,000. Finally, Geode Capital Management LLC increased its holdings in shares of EMCORE by 18.3% during the 4th quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock worth $232,000 after buying an additional 11,985 shares during the last quarter. 65.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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