Emcore Corporation CEO Sells $9,254 in Stock (EMKR)
Emcore Corporation (NASDAQ:EMKR) CEO Hong Q. Hou sold 1,908 shares of the stock on the open market in a transaction dated Thursday, January 30th. The stock was sold at an average price of $4.85, for a total value of $9,253.80. Following the sale, the chief executive officer now directly owns 89,206 shares of the company’s stock, valued at approximately $432,649. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
EMKR has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Emcore Corporation from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 14th. 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) traded down 1.02% on Friday, hitting $4.87. 82,091 shares of the company’s stock traded hands. Emcore Corporation has a one year low of $3.32 and a one year high of $6.75. The stock’s 50-day moving average is $5.00 and its 200-day moving average is $4.71. The company has a market cap of $146.2 million and a P/E ratio of 26.31.
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.
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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