Zacks Investment Research Upgrades eMagin Co. (EMAN) to “Hold”
eMagin Co. (NYSE:EMAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. 20,903 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $2.56 and a 200-day moving average price of $2.17. eMagin has a 52 week low of $1.26 and a 52 week high of $3.30. The stock’s market capitalization is $77.88 million.
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eMagin (NYSE:EMAN) last announced its earnings results on Thursday, August 11th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.03. On average, analysts predict that eMagin will post ($0.21) earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its position in shares of eMagin by 26.7% in the second quarter. BlackRock Fund Advisors now owns 57,437 shares of the company’s stock worth $110,000 after buying an additional 12,110 shares during the period. First Washington CORP boosted its position in shares of 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of 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 during 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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