Emcore Corp. (NASDAQ:EMKR)’s share price traded down 1.5% on Friday . The company traded as low as $6.39 and last traded at $6.41, with a volume of 85,327 shares traded. The stock had previously closed at $6.51.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Emcore Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. B. Riley restated a “buy” rating and issued a $8.50 price objective on shares of Emcore Corp. in a report on Monday, May 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Emcore Corp. currently has an average rating of “Hold” and a consensus price target of $8.56.

The company has a market capitalization of $168.10 million and a price-to-earnings ratio of 19.94. The firm’s 50 day moving average price is $6.04 and its 200 day moving average price is $5.61.

Emcore Corp. (NASDAQ:EMKR) last issued its earnings results on Thursday, May 5th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.02. Equities research analysts predict that Emcore Corp. will post $0.17 earnings per share for the current year.

The business also recently announced a special dividend, which will be paid on Friday, July 29th. Stockholders of record on Monday, July 18th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, August 1st.

An institutional investor recently raised its position in Emcore Corp. stock. Nationwide Fund Advisors increased its position in Emcore Corp. (NASDAQ:EMKR) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,406 shares of the company’s stock after buying an additional 18,135 shares during the period. Nationwide Fund Advisors owned 0.71% of Emcore Corp. worth $1,124,000 at the end of the most recent reporting period.

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.

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