Emcore Stock Gaps Down On Today's Open (EMKR)

NEW YORK ( TheStreet) -- Shares of Emcore Corporation (Nasdaq: EMKR) were gapping down Thursday morning with an open price 10.3% lower than Wednesday's closing price. The stock closed at $2.43 Wednesday and opened today's trading at $2.18.

The average volume for Emcore has been 1.2 million shares per day over the past 30 days. Emcore has a market cap of $210.2 million and is part of the technology sector and electronics industry. Shares are up 124% year to date as of the close of trading on Wednesday.

EMCORE Corporation provides compound semiconductor-based products for the broadband, fiber optics, space, and solar power markets. The company operates in two segments, Fiber Optics and Photovoltaics.

TheStreet Ratings rates Emcore as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Emcore Ratings Report.

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