Newbridge Financial Services Group Inc. Invests $39,000 in EMCORE Co. (NASDAQ:EMKR)

Newbridge Financial Services Group Inc. bought a new position in shares of EMCORE Co. (NASDAQ:EMKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,053 shares of the semiconductor company’s stock, valued at approximately $39,000. Newbridge Financial Services Group Inc. owned about 0.14% of EMCORE at the end of the most recent quarter.

Separately, Kovack Advisors Inc. lifted its position in shares of EMCORE by 29.7% during the third quarter. Kovack Advisors Inc. now owns 79,720 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 18,250 shares during the last quarter. Hedge funds and other institutional investors own 65.66% of the company’s stock.

EMCORE Price Performance

EMKR stock opened at $3.07 on Wednesday. The business has a 50-day moving average price of $3.01 and a 200 day moving average price of $2.23. The company has a market capitalization of $27.88 million, a P/E ratio of -1.05 and a beta of 1.70. EMCORE Co. has a 1-year low of $0.78 and a 1-year high of $4.86.

Analyst Ratings Changes

Several research firms have recently weighed in on EMKR. StockNews.com began coverage on EMCORE in a research report on Thursday, February 6th. They set a “hold” rating for the company. Craig Hallum downgraded EMCORE from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th.

EMCORE 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.