eMagin Co. (EMAN) Upgraded to Hold by Zacks Investment Research
eMagin Co. (NYSE:EMAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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% during mid-day trading on Wednesday, hitting $2.6499. 20,903 shares of the company traded hands. The company’s 50-day moving average is $2.56 and its 200-day moving average is $2.17. The stock’s market capitalization is $77.88 million. eMagin has a one year low of $1.26 and a one year high of $3.30.
eMagin (NYSE:EMAN) last released its earnings results on Thursday, August 11th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.03. Analysts predict that eMagin will post ($0.21) EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its stake 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 last quarter. First Washington CORP boosted its stake 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 worth $2,328,000 after buying an additional 11,900 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of eMagin by 3.9% in the first quarter. Renaissance Technologies LLC now owns 179,700 shares of the company’s stock worth $322,000 after buying an additional 6,685 shares during the last quarter.
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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