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

A number of brokerages have commented on EMKR. B. Riley reissued a “buy” rating and issued a $9.00 price objective on shares of Emcore Corp. in a research report on Wednesday, May 4th. Zacks Investment Research downgraded shares of Emcore Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. One equities 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 company’s stock. Emcore Corp. has an average rating of “Hold” and an average price target of $8.19.

The company’s 50-day moving average price is $6.14 and its 200-day moving average price is $5.63. The company has a market cap of $129.99 million and a PE ratio of 15.42.

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

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

A hedge fund recently raised its position 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 13F filing 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 about 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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