eMagin Co. (EMAN) Major Shareholder Purchases $100,000.00 in Stock
eMagin Co. (NYSE:EMAN) major shareholder Stillwater Holdings Llc bought 50,000 shares of eMagin stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $2.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the insider now owns 1,283,501 shares of the company’s stock, valued at $2,567,002. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of eMagin Co. (NYSE:EMAN) remained flat at $2.45 on Friday. The company’s stock had a trading volume of 28,792 shares. eMagin Co. has a 52-week low of $1.81 and a 52-week high of $3.30. The stock has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.31. The firm’s market capitalization is $77.55 million.
eMagin (NYSE:EMAN) last released its quarterly earnings results on Thursday, May 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.06). The firm had revenue of $6.07 million during the quarter, compared to the consensus estimate of $6.40 million. On average, equities research analysts anticipate that eMagin Co. will post ($0.19) EPS for the current year.
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Separately, Zacks Investment Research raised eMagin from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Tuesday, May 9th.
A hedge fund recently bought a new stake in eMagin stock. Bessemer Group Inc. purchased a new stake in shares of eMagin Co. (NYSE:EMAN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,414 shares of the semiconductor company’s stock, valued at approximately $164,000. Bessemer Group Inc. owned about 0.24% of eMagin as of its most recent filing with the SEC.
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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