Emcore Corp. (EMKR) Sees Large Volume Increase
Emcore Corp. (NASDAQ:EMKR) shares saw an uptick in trading volume on Friday . 341,319 shares traded hands during mid-day 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 research firms recently commented on EMKR. B. Riley reaffirmed a “buy” rating and issued a $8.50 price target on shares of Emcore Corp. in a research note on Monday, May 9th. Zacks Investment Research downgraded Emcore Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.19.
The company has a 50-day moving average of $5.50 and a 200 day moving average of $5.55. The firm has a market capitalization of $132.78 million and a PE 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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