Emcore Corp. (EMKR) Trading Up 3.6%
Emcore Corp. (NASDAQ:EMKR)’s share price was up 3.6% on Friday . The company traded as high as $5.30 and last traded at $5.24, with a volume of 681,225 shares trading hands. The stock had previously closed at $5.06.
A number of equities analysts recently weighed in on EMKR shares. Zacks Investment Research lowered Emcore Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. B. Riley reiterated a “buy” rating and issued a $8.50 price target 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 issued a hold rating and three have issued a buy rating to the company. Emcore Corp. has an average rating of “Hold” and an average price target of $8.19.
The firm has a market capitalization of $136.96 million and a PE ratio of 17.88. The stock has a 50 day moving average of $5.93 and a 200 day moving average of $5.60.
The business also recently disclosed a special dividend, which was paid on Friday, July 29th. Investors of record on Monday, July 18th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was 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 disclosure with the 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 about 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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