Shares of Emcore Corporation (Nasdaq:EMKR) were gapping down Monday morning with an open price 11.1% lower than Friday's closing price. The stock closed at $1.26 yesterday and opened today's trading at $1.12.
NEW YORK ( TheStreet) -- Shares of Emcore Corporation (Nasdaq: EMKR) were gapping down Monday morning with an open price 11.1% lower than Friday's closing price. The stock closed at $1.26 Friday and opened today's trading at $1.12. The average volume for Emcore has been 567,500 shares per day over the past 30 days. Emcore has a market cap of $114.8 million and is part of the technology sector and electronics industry. Shares are up 42.6% year to date as of the close of trading on Friday. EMCORE Corporation, together with its subsidiaries, provides compound semiconductor-based products for the broadband, fiber optics, satellite, 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 deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow 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.