Emcore Corp Sentiment Worsening on Low Stock Potential

EMCORE Corporation (NASDAQ:EMKR) Logo

Sentiment for Emcore Corp (NASDAQ:EMKR)

Emcore Corp (NASDAQ:EMKR) institutional sentiment decreased to 0.8 in 2018 Q2. Its down -0.28, from 1.08 in 2018Q1. The ratio is negative, as 33 funds increased and opened new equity positions, while 41 cut down and sold stock positions in Emcore Corp. The funds in our partner’s database now possess: 19.44 million shares, down from 20.38 million shares in 2018Q1. Also, the number of funds holding Emcore Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 18 Reduced: 23 Increased: 15 New Position: 18.

EMCORE Corporation, together with its subsidiaries, designs, makes, and sells indium phosphide optical chips, components, subsystems, and systems for the broadband and specialty fiber optics market worldwide. The company has market cap of $129.50 million. It offers DFB laser modules and diodes, laser and avalanche chips, optical receivers, and broadband photodiodes for use in telecommunication, cable television, fiber-to-the-premises, defense and homeland security, satellite communication and broadcast, and professional audio/video applications. It currently has negative earnings. The firm sells its products through direct sales force, application engineers, third party sales representatives, and distributors.

The stock decreased 2.08% or $0.1 during the last trading session, reaching $4.71. About 44,476 shares traded. EMCORE Corporation (NASDAQ:EMKR) has declined 50.28% since December 8, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

P.A.W. Capital Corp holds 3.57% of its portfolio in EMCORE Corporation for 700,000 shares. S Squared Technology Llc owns 511,645 shares or 2.05% of their US portfolio. Moreover, Cannell Capital Llc has 1.18% invested in the company for 865,578 shares. The New York-based Paradigm Capital Management Inc Ny has invested 0.67% in the stock. Needham Investment Management Llc, a New York-based fund reported 195,000 shares.

EMCORE Corporation (NASDAQ:EMKR) Ratings Coverage

Ratings analysis reveals 50% of EMCORE’s analysts are positive. Out of 2 Wall Street analysts rating EMCORE, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. EMKR was included in 3 notes of analysts from August 3, 2018. The rating was upgraded by Northland Capital on Friday, October 5 to “Outperform”. The company was downgraded on Friday, August 3 by Northland Capital. FBR Capital downgraded it to “Neutral” rating and $5.75 target in Friday, November 9 report.

More notable recent EMCORE Corporation (NASDAQ:EMKR) news were published by: Benzinga.com which released: “Earnings Scheduled For December 4, 2018 – Benzinga” on December 04, 2018, also Globenewswire.com with their article: “EMCORE Awarded Long-Term Contract by Raytheon to Supply High-Performance Fiber Optic Gyroscopes for Optical Targeting Systems – GlobeNewswire” published on September 17, 2018, Globenewswire.com published: “EMCORE Introduces EN-150 Precision Fiber Optic Gyro-Based Inertial Measurement/Navigation Unit at Farnborough Airshow – GlobeNewswire” on July 16, 2018. More interesting news about EMCORE Corporation (NASDAQ:EMKR) were released by: Globenewswire.com and their article: “EMCORE Awarded a Contract to Design and Deliver Custom, High-Performance Navigation Grade Inertial Measurement Units – GlobeNewswire” published on October 02, 2018 as well as Nasdaq.com‘s news article titled: “Pre-Market Earnings Report for December 4, 2018 : BMO, DG, AZO, HDS, DCI, CONN, GMS, MOV, SECO, EMKR – Nasdaq” with publication date: December 03, 2018.

EMCORE Corporation (NASDAQ:EMKR) Institutional Positions Chart

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