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Emcore Corporation (EMKR) Catches Eye: Stock Jumps 8.4%

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Emcore Corporation (EMKR - Free Report) was a big mover last session, as the company saw its shares rise over 8% on the day. The upside was driven by the company’s announcement of a special dividend of $1.50 for its shareholders. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $5.16 to $6.15 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Emcore Corporation has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Another better-ranked stock in the Elect-Manufact Machinery industry is Nikon Corporation (NINOY - Free Report) sporting a Zacks Rank #1 (Strong Buy).

Is EMKR going up? Or down? Predict to see what others think: Up or Down

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