EMCORE Corporation (EMKR) Stock Price Hits 52 Week Low Today

April 16, 2018 - By Louis Casey

EMCORE Corporation (NASDAQ:EMKR) Logo

Investors sentiment increased to 1.38 in Q4 2017. Its up 0.28, from 1.1 in 2017Q3. It is positive, as 16 investors sold EMCORE Corporation shares while 18 reduced holdings. 18 funds opened positions while 29 raised stakes. 20.84 million shares or 2.68% more from 20.30 million shares in 2017Q3 were reported.
27,405 were accumulated by Gmt. Jpmorgan Chase And has 5,913 shares. Chicago Equity Ptnrs Limited Liability Corp accumulated 21,120 shares. Barclays Public Ltd Com reported 0% in EMCORE Corporation (NASDAQ:EMKR). Bnp Paribas Arbitrage holds 6,621 shares. Manufacturers Life The stated it has 0% in EMCORE Corporation (NASDAQ:EMKR). Mufg Americas Holding Corporation holds 1,750 shares. Tiaa Cref Inv Limited owns 0% invested in EMCORE Corporation (NASDAQ:EMKR) for 64,206 shares. Wisconsin-based Cortina Asset Management Limited Liability Company has invested 0.13% in EMCORE Corporation (NASDAQ:EMKR). The Wyoming-based Cannell Ltd Liability Com has invested 0.12% in EMCORE Corporation (NASDAQ:EMKR). State Common Retirement Fund holds 188,418 shares. Geode Capital Mngmt Llc stated it has 0% in EMCORE Corporation (NASDAQ:EMKR). Invesco holds 0% or 25,212 shares in its portfolio. Credit Suisse Ag owns 23,726 shares or 0% of their US portfolio. Rhumbline Advisers accumulated 0% or 28,165 shares.

Since October 18, 2017, it had 0 insider purchases, and 1 insider sale for $348,425 activity.

The stock of EMCORE Corporation (NASDAQ:EMKR) hit a new 52-week low and has $4.56 target or 5.00 % below today’s $4.80 share price. The 9 months bearish chart indicates high risk for the $130.56M company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $4.56 price target is reached, the company will be worth $6.53M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.04% or $0.1 during the last trading session, reaching $4.8. About 74,054 shares traded. EMCORE Corporation (NASDAQ:EMKR) has declined 34.29% since April 16, 2017 and is downtrending. It has underperformed by 45.84% the S&P500.

Analysts await EMCORE Corporation (NASDAQ:EMKR) to report earnings on May, 3. They expect $-0.05 earnings per share, down 145.45 % or $0.16 from last year’s $0.11 per share.

EMCORE Corporation (NASDAQ:EMKR) Ratings Coverage

Among 4 analysts covering Emcore Corp (NASDAQ:EMKR), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Emcore Corp had 8 analyst reports since December 1, 2017 according to SRatingsIntel. Northland Capital maintained it with “Hold” rating and $6.0 target in Wednesday, February 7 report. Northland Capital maintained it with “Buy” rating and $7.5000 target in Tuesday, April 10 report. Lake Street maintained the shares of EMKR in report on Wednesday, February 7 with “Buy” rating. The firm has “Market Perform” rating by Northland Capital given on Tuesday, December 5. The stock has “Neutral” rating by B. Riley & Co on Tuesday, April 10. As per Monday, March 19, the company rating was upgraded by Northland Capital.

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. The company has market cap of $130.56 million. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products. It has a 20.96 P/E ratio. The firm also provides chip devices products, including high-power gain chips, GPON fiber-to-the-premises, and data center chip products; and navigation systems products, such as fiber optic gyroscope products and inertial measurement units and navigation systems products.

EMCORE Corporation (NASDAQ:EMKR) Institutional Positions Chart

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