Shares of Emcore Corporation (Nasdaq:EMKR) were gapping down Tuesday morning with an open price 12.7% lower than Monday's closing price. The stock closed at $1.10 yesterday and opened today's trading at 96 cents.
NEW YORK ( TheStreet) -- Shares of Emcore Corporation (Nasdaq: EMKR) were gapping down Tuesday morning with an open price 12.7% lower than Monday's closing price. The stock closed at $1.10 Monday and opened today's trading at 96 cents. The average volume for Emcore has been 808,400 shares per day over the past 30 days. Emcore has a market cap of $101.3 million and is part of the technology sector and electronics industry. Shares are up 0.5% year to date as of the close of trading on Monday. 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 generally disappointing historical performance in the stock itself. You can view the full Emcore Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.