eMagin Co. (NYSE:EMAN)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a note issued to investors on Friday. They currently have a $4.00 target price on the semiconductor company’s stock. HC Wainwright’s price objective indicates a potential upside of 81.82% from the company’s previous close.

Several other research analysts have also commented on EMAN. Rodman & Renshaw restated a “buy” rating and set a $4.00 price target on shares of eMagin in a research report on Friday, June 23rd. Zacks Investment Research lowered eMagin from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th.

Shares of eMagin (NYSE:EMAN) traded up 10.00% during midday trading on Friday, hitting $2.20. The company’s stock had a trading volume of 94,640 shares. The firm’s market cap is $76.94 million. eMagin has a 12-month low of $1.85 and a 12-month high of $3.00. The firm has a 50-day moving average of $2.25 and a 200 day moving average of $2.38.

eMagin (NYSE:EMAN) last released its quarterly earnings results on Thursday, August 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%. The firm had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $6.00 million. On average, equities research analysts predict that eMagin will post ($0.23) EPS for the current fiscal year.

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An institutional investor recently bought a new position in eMagin stock. AWM Investment Company Inc. bought a new stake in eMagin Co. (NYSE:EMAN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,261,000 shares of the semiconductor company’s stock, valued at approximately $7,989,000. eMagin accounts for 1.3% of AWM Investment Company Inc.’s investment portfolio, making the stock its 25th largest holding. AWM Investment Company Inc. owned about 9.32% of eMagin at the end of the most recent 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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