Northland Securities Downgrades Emcore Corp (EMKR) to Hold


Emcore Corp (NASDAQ: EMKR) received a Hold rating and a $5 price target from Northland Securities analyst Tim Savageaux today. The company’s shares closed yesterday at $5, close to its 52-week low of $4.40.

According to TipRanks.com, Savageaux is a 3-star analyst with an average return of 4.5% and a 47.1% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Acacia Communications, and Luna Innovations Inc.

Currently, the analyst consensus on Emcore Corp is a Moderate Buy with an average price target of $5.50.

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The company has a one-year high of $10.00 and a one-year low of $4.40. Currently, Emcore Corp has an average volume of 219.9K.

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EMCORE Corp. engages in the manufacture and provision of mixed-signal optics products. It offers catv broadband transport and access; lasers and components; chip level devices; satellite RF fiber optic transport; wireless/distributed antenn systems; microwave components; and fiber optics gyros, sensors, and navigation systems.

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