eMagin Co. (EMAN) Major Shareholder Sells $423,953.28 in Stock

eMagin Co. (NYSEAMERICAN:EMAN) major shareholder Awm Investment Company, Inc. sold 220,809 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1.92, for a total transaction of $423,953.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of eMagin Co. (EMAN) traded up $0.10 during mid-day trading on Wednesday, hitting $1.70. 604,644 shares of the stock traded hands, compared to its average volume of 688,935. The stock has a market capitalization of $70.00, a P/E ratio of -5.15 and a beta of 0.51. eMagin Co. has a 52 week low of $1.23 and a 52 week high of $3.00.

EMAN has been the subject of several analyst reports. HC Wainwright set a $4.00 target price on shares of eMagin and gave the company a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of eMagin from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Oppenheimer reiterated a “hold” rating on shares of eMagin in a report on Friday, November 10th.

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About eMagin

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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