Media headlines about EMCORE (NASDAQ:EMKR) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EMCORE earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.7190138533167 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
EMCORE (NASDAQ:EMKR) traded down $0.10 during midday trading on Wednesday, reaching $5.10. The company had a trading volume of 352,200 shares, compared to its average volume of 299,417. EMCORE has a one year low of $4.90 and a one year high of $12.20. The stock has a market cap of $141.44, a PE ratio of 21.04, a PEG ratio of 2.55 and a beta of 0.14.
EMCORE (NASDAQ:EMKR) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.03). EMCORE had a return on equity of 6.59% and a net margin of 5.48%. The firm had revenue of $24.04 million during the quarter, compared to the consensus estimate of $24.75 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue was down 20.3% compared to the same quarter last year. equities analysts predict that EMCORE will post 0.17 EPS for the current year.
A number of brokerages recently commented on EMKR. Northland Securities reaffirmed a “hold” rating and issued a $6.00 price target on shares of EMCORE in a research note on Wednesday, February 7th. Lake Street Capital dropped their price target on EMCORE from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Zacks Investment Research downgraded EMCORE from a “hold” rating to a “sell” rating in a report on Monday. Finally, B. Riley restated a “neutral” rating and set a $8.75 price target (down from $10.50) on shares of EMCORE in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.67.
In related news, CEO Jeffrey Rittichier sold 49,422 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $7.05, for a total transaction of $348,425.10. Following the completion of the transaction, the chief executive officer now owns 366,007 shares in the company, valued at approximately $2,580,349.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.99% of the stock is owned by insiders.
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EMCORE Company Profile
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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