EMCORE (NASDAQ:EMKR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of EMCORE (NASDAQ:EMKR) in a research report released on Monday. The firm 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 report on Friday, November 8th.

EMCORE Price Performance

Shares of EMKR opened at $2.93 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.14. The company has a market cap of $26.58 million, a price-to-earnings ratio of -0.33 and a beta of 1.57. EMCORE has a twelve month low of $0.78 and a twelve month high of $7.20. The company has a 50 day moving average of $2.03 and a two-hundred day moving average of $1.45.

Institutional Trading of EMCORE

A hedge fund recently raised its stake in EMCORE stock. Archon Capital Management LLC raised its holdings in EMCORE Co. (NASDAQ:EMKR) by 65.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,552,577 shares of the semiconductor company’s stock after purchasing an additional 4,951,568 shares during the quarter. EMCORE accounts for approximately 1.5% of Archon Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Archon Capital Management LLC owned 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.

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.