EMCORE Target of Unusually Large Options Trading (NASDAQ:EMKR)

EMCORE Co. (NASDAQ:EMKR) was the target of unusually large options trading on Monday. Investors acquired 2,249 call options on the stock. This is an increase of 1,440% compared to the typical volume of 146 call options.

EMCORE Price Performance

Shares of EMCORE stock traded up $0.07 during mid-day trading on Monday, reaching $3.07. 113,407 shares of the stock traded hands, compared to its average volume of 492,917. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $2.68 and a 200 day moving average of $1.74. The stock has a market capitalization of $27.84 million, a PE ratio of -0.35 and a beta of 1.69. EMCORE has a fifty-two week low of $0.78 and a fifty-two week high of $7.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EMCORE stock. Kovack Advisors Inc. grew its holdings in EMCORE Co. (NASDAQ:EMKR) by 29.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,720 shares of the semiconductor company’s stock after buying an additional 18,250 shares during the period. Kovack Advisors Inc. owned 0.88% of EMCORE worth $176,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 65.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com started coverage on shares of EMCORE in a research note on Friday. They issued a “hold” rating on the stock. Craig Hallum lowered shares of EMCORE from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th.

EMCORE Company Profile

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems.