eMagin (NYSEAMERICAN:EMAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
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. “
EMAN has been the topic of a number of other reports. HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of eMagin in a research note on Friday, November 10th. Oppenheimer restated a “hold” rating on shares of eMagin in a research note on Friday, November 10th.
eMagin (NYSEAMERICAN:EMAN) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.04). The business had revenue of $4.28 million for the quarter, compared to analysts’ expectations of $5.60 million. eMagin had a negative net margin of 69.91% and a negative return on equity of 57.13%.
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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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