A statement released earlier today by Zacks Investment Research about EMCORE Corporation (NASDAQ:EMKR) ups the target price to $6.25
- Updated: October 4, 2016
Yesterday EMCORE Corporation (NASDAQ:EMKR) traded 0.72% higher at $5.61. The company’s 50-day moving average is $5.18 and its 200-day moving average is $5.54. The last closing price is up 1.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 180,973 shares of EMKR changing hands under the typical 328,942
EMCORE Corporation (NASDAQ:EMKR) had its target price raised to $6.25 by Zacks Investment Research in a report released 10/04/2016. The new target price indicates a possible upside of 0.11% based on the company's last stock close price.
Previously on 06/23/2015, B. Riley reported about EMCORE Corporation (NASDAQ:EMKR) held steady the target price at $7.00. At the time, this indicated a possible upside of 0.15%.
With a total market value of $0, EMCORE Corporation has 52 week low of $4.90 and a 52 week high of $8.52 with a P/E ratio of 19.15 .
In addition to Zacks Investment Research reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is $10.00 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About EMCORE Corporation (NASDAQ:EMKR)
EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment. The Company provides optical components, and also end-to-end solutions for high-speed communications network infrastructures, enabling systems and service providers to meet demand for bandwidth and connectivity. The Company's advanced optical technologies are designed for cable television (CATV) and fiber-to-the-premise (FTTP) networks, telecommunications and data centers, satellite communications, aerospace and defense, wireless networks, and broadcast and professional audio/video systems. The Company has manufacturing facilities located in Alhambra, California; Ivyland, Pennsylvania, and Langfang, China.
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