Emcore Corp. (NASDAQ:EMKR) fell 0.8% on Monday . The company traded as low as $5.15 and last traded at $5.20, with a volume of 387,446 shares changing hands. The stock had previously closed at $5.24.

EMKR has been the subject of several recent research reports. B. Riley restated a “buy” rating and issued a $7.00 price target on shares of Emcore Corp. in a report on Tuesday, August 9th. Zacks Investment Research lowered shares of Emcore Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. One investment 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. has a consensus rating of “Hold” and an average price target of $8.19.

The stock has a 50-day moving average price of $5.88 and a 200 day moving average price of $5.59. The stock has a market cap of $134.38 million and a PE ratio of 17.5464.

The business also recently announced a special dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 18th were paid 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 increased its stake in Emcore Corp. (NASDAQ:EMKR) by 81.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.