Shares of Emcore Corp. (NASDAQ:EMKR) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $4.93 and last traded at $5.17, with a volume of 499,246 shares trading hands. The stock had previously closed at $6.48.

EMKR has been the topic of a number of research reports. Zacks Investment Research cut Emcore Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. B. Riley restated a “buy” rating and set a $8.50 price objective on shares of Emcore Corp. in a research 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 issued a buy rating to the company. Emcore Corp. has a consensus rating of “Hold” and a consensus target price of $8.56.

The firm’s 50 day moving average price is $6.18 and its 200 day moving average price is $5.64. The company has a market cap of $133.12 million and a PE ratio of 15.79.

Emcore Corp. (NASDAQ:EMKR) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by $0.02. On average, equities analysts anticipate that Emcore Corp. will post $0.17 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, July 29th. Investors of record on Monday, July 18th were given a dividend of $1.50 per share. The ex-dividend date was Monday, August 1st.

A hedge fund recently raised its stake in Emcore Corp. stock. Royce & Associates LLC raised its position in shares of Emcore Corp. (NASDAQ:EMKR) by 81.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 627,474 shares of the company’s stock after buying an additional 281,398 shares during the period. Royce & Associates LLC owned 2.42% of Emcore Corp. worth $3,846,000 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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