EMCORE (EMKR) Receives Daily Media Sentiment Score of 0.10

News coverage about EMCORE (NASDAQ:EMKR) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. EMCORE earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 46.3667632945623 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of research firms have recently commented on EMKR. B. Riley restated a “neutral” rating and set a $8.75 price target (down from $10.50) on shares of EMCORE in a research report on Friday, December 1st. Northland Securities lowered shares of EMCORE from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 5th. Lake Street Capital restated a “buy” rating and set a $10.00 price target on shares of EMCORE in a research report on Wednesday, December 6th. Finally, Zacks Investment Research lowered shares of EMCORE from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. EMCORE presently has a consensus rating of “Hold” and an average target price of $6.67.

Shares of EMCORE (NASDAQ:EMKR) traded up $0.45 during trading hours on Friday, reaching $5.60. 393,193 shares of the company traded hands, compared to its average volume of 308,907. EMCORE has a one year low of $4.90 and a one year high of $12.20. The stock has a market capitalization of $140.08, a price-to-earnings ratio of 23.33, a PEG ratio of 42.92 and a beta of 0.14.

EMCORE (NASDAQ:EMKR) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). EMCORE had a return on equity of 6.59% and a net margin of 5.48%. The company had revenue of $24.04 million during the quarter, compared to analysts’ expectations of $24.75 million. During the same quarter last year, the firm posted $0.13 earnings per share. The firm’s revenue was down 20.3% on a year-over-year basis. equities research analysts predict that EMCORE will post 0.01 EPS for the current year.

In related news, CEO Jeffrey Rittichier sold 49,422 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $7.05, for a total value of $348,425.10. Following the completion of the transaction, the chief executive officer now directly owns 366,007 shares in the company, valued at $2,580,349.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.99% of the stock is currently owned by insiders.

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About EMCORE

EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment.

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