EMCORE Corporation (NASDAQ:EMKR) down by 2.05%, Dyax Corp (NASDAQ:DYAX)

Posted by Chris Bell May 15, 2013 0 Comment 1008 views


Miami, FL 05/15/2013 (GDPInsider) – EMCORE Corporation (NASDAQ:EMKR) Tuesday’s trading session saw EMCORE Corporation (NASDAQ:EMKR) shares headed 2.05% downward. The opening price of $3.43 was also the intraday price before setting down to $3.34 per shares. The average volume of 0.314 million shares was measured over a period of 30 days.

The company’s earnings per share are -$0.95. The 52-week trading range of the EMCORE Corporation (NASDAQ:EMKR) stock is $3.32- $6.75. At the levels that currently exist, the stock has been trading below $5.21, 50 days MA and below of $5.09 which is its 200 days MA. The RSI of the company’s stock is 22.39. There was a 14.3% revenues drop in the 2013 Q2. However, EMKR has stated that it has upped its Order backlog to $36.5 million which is a 3% increase.

EMCORE Corporation (NASDAQ:EMKR) offers a range of compound semiconductor-based products for the fiber optics, solar power and space broadband markets.

Is EMKR a solid investment at these levels? Get valuable updates and exclusive insights here.

Dyax Corp (NASDAQ:DYAX): Tuesday’s trading session saw Dyax Corp (NASDAQ:DYAX) shares headed 4.15% upward. The opening price of $2.42 touched an intraday high of $2.53 per share before setting to $2.51. The average volume of 0.936 million shares was measured over a period of 30 days.

DYAX announced that it has now priced a registered direct offering with Venrock, Federated Investors, Inc, RA Capital Management and one more institutional investor. The gross proceeds will be in the range of $30 million. The price of the offering was $2.30 per common share and the sale price of the company’s common stock was last reported on 9 May 2013. In most probability, 8,901,675 million common stock shares and 41,418 of Series 1 convertible preferred shares will be issued at closing. The Series 1 convertible preferred stock shares were priced at $230 per share. These are convertible into 100 common stock shares.

How Should Investors Trade DYAX Now? Get the latest trends and data here.

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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