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

StockNews.com initiated coverage on shares of EMCORE (NASDAQ:EMKR) in a research report report published on Monday. The brokerage 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 note on Friday, November 8th.

EMCORE Stock Up 1.0 %

NASDAQ:EMKR opened at $2.95 on Monday. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $2.14 and a 200-day moving average of $1.48. The firm has a market capitalization of $26.76 million, a PE ratio of -0.34 and a beta of 1.57. EMCORE has a 52 week low of $0.78 and a 52 week high of $7.20.

Institutional Investors Weigh In On EMCORE

An institutional investor recently raised its position in EMCORE stock. Archon Capital Management LLC raised its holdings in shares of EMCORE Co. (NASDAQ:EMKR) by 65.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,552,577 shares of the semiconductor company’s stock after acquiring an additional 4,951,568 shares during the period. EMCORE makes up 1.5% of Archon Capital Management LLC’s holdings, making the stock its 22nd largest position. Archon Capital Management LLC owned approximately 162.39% of EMCORE worth $4,331,000 as of its most recent SEC filing. 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.