Emcore Corporation CEO Hong Q. Hou Sells 5,207 Shares (EMKR)
Emcore Corporation (NASDAQ:EMKR) CEO Hong Q. Hou unloaded 5,207 shares of the company’s stock on the open market in a transaction dated Thursday, January 16th. The stock was sold at an average price of $4.79, for a total transaction of $24,941.53. Following the sale, the chief executive officer now directly owns 89,246 shares of the company’s stock, valued at approximately $427,488. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Emcore Corporation from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $4.60 price target on the stock. Analysts at TheStreet upgraded shares of Emcore Corporation from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, November 6th.
Shares of Emcore Corporation (NASDAQ:EMKR) traded down 2.25% on Friday, hitting $4.77. The stock had a trading volume of 151,850 shares. Emcore Corporation has a 1-year low of $3.32 and a 1-year high of $6.75. The stock has a 50-day moving average of $5.01 and a 200-day moving average of $4.63. The company has a market cap of $143.2 million and a P/E ratio of 26.10.
Emcore Corporation (NASDAQ:EMKR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.14. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $43.82 million. Analysts expect that Emcore Corporation will post $0.01 EPS for the current fiscal year.
EMCORE Corporation (NASDAQ:EMKR) is a provider of compound semiconductor-based components and subsystems for the fiber optics and solar power markets.
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