Zacks Investment Research downgraded EMCORE Corporation (NASDAQ:EMKR) to Hold in a report released today.
- Updated: October 5, 2016
Just yesterday EMCORE Corporation (NASDAQ:EMKR) traded 0.72% higher at $5.61. EMCORE Corporation’s 50-day moving average is $5.18 and its 200-day moving average is $5.54. The last stock price is up 1.19% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 180,973 shares of the stock traded, down from an avg. volume of 328,942
Zacks Investment Research has downgraded EMCORE Corporation (NASDAQ:EMKR) to Hold in a report released on 10/05/2016.
Previously on 6/23/2015, B. Riley released a statement 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 price-earnings ratio of 19.15 with a one year low of $4.90 and a one year high of $8.52 .
A total of 2 equity analysts have released a ratings update on EMKR. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $10.00.
Brief Synopsis 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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