Emcore Corporation (NASDAQ:EMKR) released its earnings data on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.14, Analyst Ratings News reports. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $43.82 million.
Shares of Emcore Corporation (NASDAQ:EMKR) traded down 0.40% during mid-day trading on Wednesday, hitting $4.98. The stock had a trading volume of 351,087 shares. Emcore Corporation has a 52 week low of $3.32 and a 52 week high of $6.75. The stock’s 50-day moving average is $5.19 and its 200-day moving average is $4.3. The company has a market cap of $133.3 million and a P/E ratio of 208.33.
A number of research firms have recently commented on EMKR. Analysts at TheStreet upgraded shares of Emcore Corporation from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, November 6th. Analysts at B. Riley cut their price target on shares of Emcore Corporation from $10.00 to $9.50 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock.
EMCORE Corporation (NASDAQ:EMKR) is a provider of compound semiconductor-based components and subsystems for the fiber optics and solar power markets.
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