An Insider at Emcore Corporation (NASDAQ: EMKR) is Selling Shares

Yesterday, an Insider at Emcore Corporation (NASDAQ: EMKR), Becker Drapkin Management LP, sold shares of EMKR for $2.82M.

Following Becker Drapkin Management LP’s last EMKR Sell transaction on June 23, 2015, the stock climbed by 1.0%.

EMKR’s market cap is $185.8M and the company has a P/E ratio of 2.9%. The company has a one year high of $7.49 and a one year low of $3.90. Currently, Emcore Corp. has an average volume of 119k.

Looking at blogger coverage of EMKR, there is a 100% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Emcore Corp. has been negative based on 27 corporate insider transactions. This sentiment is equal to the average sector sentiment of insiders.

Emcore Corp is a provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets.