Emcore Corporation Insider Alfredo Gomez Sells 2,284 Shares (EMKR)
Emcore Corporation (NASDAQ:EMKR) Insider Alfredo Gomez unloaded 2,284 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $4.79, for a total value of $10,940.36. Following the completion of the transaction, the insider now directly owns 15,796 shares in the company, valued at approximately $75,663. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Emcore Corporation (NASDAQ:EMKR) traded down 2.25% during mid-day trading on Friday, hitting $4.77. 151,850 shares of the company’s stock traded hands. Emcore Corporation has a 52-week low of $3.32 and a 52-week high of $6.75. The stock’s 50-day moving average is $5.01 and its 200-day moving average is $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. On average, analysts predict that Emcore Corporation will post $0.01 earnings per share for the current fiscal year.
A number of research firms have recently commented on EMKR. 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.
EMCORE Corporation (NASDAQ:EMKR) is a provider of compound semiconductor-based components and subsystems for the fiber optics and solar power markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.