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