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Emcore Corporation (NASDAQ:EMKR) was downgraded by analysts at TheStreet from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings.Net reports.

The analysts wrote, “Emcore Corporation (EMKR) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income, poor profit margins and feeble growth in its earnings per share.”

Separately, analysts at Zacks downgraded shares of Emcore Corporation from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 14th. They now have a $4.60 price target on the stock.

Emcore Corporation (NASDAQ:EMKR) traded down 0.20% on Wednesday, hitting $4.90. The stock had a trading volume of 31,886 shares. Emcore Corporation has a one year low of $3.32 and a one year high of $6.40. The stock’s 50-day moving average is $4.95 and its 200-day moving average is $4.74. The company has a market cap of $148.7 million and a P/E ratio of 1227.50.

Emcore Corporation (NASDAQ:EMKR) last announced its earnings results on Wednesday, February 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. The company had revenue of $44.21 million for the quarter, compared to the consensus estimate of $43.69 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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