EMCORE (NASDAQ:EMKR) Receives New Coverage from Analysts at StockNews.com

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

EMCORE Price Performance

Shares of NASDAQ:EMKR opened at $0.35 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.95 and a current ratio of 3.11. The stock has a market cap of $26.68 million, a PE ratio of -0.31 and a beta of 1.54. EMCORE has a one year low of $0.31 and a one year high of $1.25. The business’s fifty day moving average price is $0.46 and its two-hundred day moving average price is $0.46.

Shares of EMCORE are set to reverse split before the market opens on Tuesday, April 2nd. The 1-10 reverse split was announced on Tuesday, April 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 2nd.

EMCORE (NASDAQ:EMKR) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. EMCORE had a negative return on equity of 26.76% and a negative net margin of 67.43%. The business had revenue of $24.12 million for the quarter, compared to analyst estimates of $27.00 million. On average, analysts forecast that EMCORE will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in EMCORE by 13.6% in the fourth quarter. Vanguard Group Inc. now owns 2,256,295 shares of the semiconductor company’s stock valued at $1,103,000 after purchasing an additional 269,909 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in EMCORE by 46.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 110,000 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 35,000 shares during the last quarter. Penn Capital Management Company LLC raised its holdings in shares of EMCORE by 57.0% during the fourth quarter. Penn Capital Management Company LLC now owns 3,540,170 shares of the semiconductor company’s stock valued at $1,731,000 after buying an additional 1,284,624 shares during the last quarter. Northern Trust Corp raised its stake in EMCORE by 37.8% during the 4th quarter. Northern Trust Corp now owns 117,448 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 32,189 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new stake in shares of EMCORE during the third quarter valued at about $904,000. 65.66% of the stock is 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.