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

Several analysts have recently weighed in on EMKR shares. Zacks Investment Research downgraded shares of Emcore Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. B. Riley reiterated a “buy” rating and issued a $7.00 price objective on shares of Emcore Corp. in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Emcore Corp. currently has a consensus rating of “Hold” and a consensus target price of $8.19.

The company’s 50 day moving average is $5.90 and its 200 day moving average is $5.60. The company has a market capitalization of $135.13 million and a PE ratio of 17.65.

The business also recently declared 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 was Monday, August 1st.

An institutional investor recently raised its position in Emcore Corp. stock. Royce & Associates LLC raised its position in 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 approximately 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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