EMCORE Corporation (EMKR, Financial) experienced a significant stock movement with a rapid increase of 5.17% in its share price. The stock is currently trading at $2.44 per share with a trading volume of 138,229 shares, marking a turnover rate of 1.52% and a price fluctuation of 6.29%.
According to the latest financial report, EMCORE recorded a revenue of $20.44 million, with a net loss of $11.55 million. The earnings per share stood at -$1.54, and gross profit was $5.01 million. The price-to-earnings ratio is calculated at -0.23. Among the analysts covering EMKR, all have recommended a buy rating, with no hold or sell suggestions reported.
Within the electronic components industry, where EMCORE operates, the overall sector has seen a gain of 0.56%. Other notable stock performers in this sector include Integrated Media Technology Limited, Richardson Electronics, and innovative companies like Microcloud Hologram Inc, which have shown significant price swings.
EMCORE Corporation specializes in supplying sensors and navigation systems for the aerospace and defense markets. Operating mainly in the U.S. and Canada, the company focuses on three primary technology areas: Fiber Optic Gyro (FOG), Quartz MEMS (QMEMS), and Ring Laser Gyro (RLG), serving various geographic markets including Asia and Europe.
