EMCORE Co. (NASDAQ:EMKR) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.88.
Several analysts recently weighed in on the stock. B. Riley downgraded shares of EMCORE from a “buy” rating to a “neutral” rating and cut their price objective for the company from $6.00 to $5.75 in a research report on Friday. TheStreet downgraded shares of EMCORE from a “c” rating to a “d+” rating in a research report on Thursday, August 2nd. Lake Street Capital set a $6.00 price objective on shares of EMCORE and gave the company a “buy” rating in a research report on Friday, October 5th. ValuEngine upgraded shares of EMCORE from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research downgraded shares of EMCORE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 8th.
Shares of NASDAQ:EMKR opened at $4.68 on Wednesday. The stock has a market capitalization of $142.69 million, a P/E ratio of 12.00 and a beta of 0.04. EMCORE has a fifty-two week low of $4.40 and a fifty-two week high of $8.00.
EMCORE Company Profile
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. 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.
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