Emcore Corp. (EMKR) Sees Large Volume Increase
Emcore Corp. (NASDAQ:EMKR) shares saw strong trading volume on Friday . 341,319 shares traded hands during trading, an increase of 23% from the previous session’s volume of 277,901 shares.The stock last traded at $5.07 and had previously closed at $4.98.
A number of equities research analysts have commented on the company. B. Riley restated a “buy” rating and set a $7.00 price objective on shares of Emcore Corp. in a research report on Tuesday, August 2nd. Zacks Investment Research lowered Emcore Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.19.
The company has a 50-day moving average price of $5.50 and a 200-day moving average price of $5.55. The firm has a market cap of $132.78 million and a P/E ratio of 17.34.
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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