eMagin Co. (EMAN) Upgraded to Hold by Zacks Investment Research
eMagin Co. (NYSE:EMAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “eMagin Corporation is a leading developer of virtual imaging technology, eMagin combines integrated circuits, microdisplays, and optics to create a virtual image equivalent to the real image of a computer monitor or large screen TV. These miniature, high-performance, virtual imaging modules provide access to information-rich text, data, and video which can facilitate the opening of new mass markets for wearable PCs, wireless Internet appliances and mobile phones, portable DVD-viewers, digital cameras, and other emerging applications. “
eMagin (NYSE:EMAN) traded up 1.1412% on Wednesday, reaching $2.6499. The company had a trading volume of 20,903 shares. The stock’s market capitalization is $77.88 million. The stock’s 50-day moving average price is $2.56 and its 200-day moving average price is $2.17. eMagin has a 12-month low of $1.26 and a 12-month high of $3.30.
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eMagin (NYSE:EMAN) last posted its earnings results on Thursday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. On average, equities research analysts anticipate that eMagin will post ($0.21) EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in EMAN. BlackRock Fund Advisors raised its stake in eMagin by 26.7% in the second quarter. BlackRock Fund Advisors now owns 57,437 shares of the company’s stock valued at $110,000 after buying an additional 12,110 shares in the last quarter. Renaissance Technologies LLC raised its stake in eMagin by 3.9% in the first quarter. Renaissance Technologies LLC now owns 179,700 shares of the company’s stock valued at $322,000 after buying an additional 6,685 shares in the last quarter. Finally, First Washington CORP raised its stake in eMagin by 1.0% in the second quarter. First Washington CORP now owns 1,212,658 shares of the company’s stock valued at $2,328,000 after buying an additional 11,900 shares in the last quarter.
eMagin Company Profile
eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.
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