eMagin Co. (EMAN) Issues Quarterly Earnings Results
eMagin Co. (NYSE:EMAN) released its earnings results on Friday. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The business earned $4.30 million during the quarter, compared to analyst estimates of $6.80 million. During the same quarter last year, the business earned ($0.09) earnings per share.
eMagin (NYSE:EMAN) opened at 2.40 on Friday. The stock has a 50 day moving average price of $2.54 and a 200 day moving average price of $2.27. The stock’s market cap is $70.53 million. eMagin has a 1-year low of $1.26 and a 1-year high of $3.30.
Separately, Zacks Investment Research raised eMagin from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th.
An institutional investor recently raised its position in eMagin stock. BlackRock Fund Advisors raised its stake in eMagin Co. (NYSE:EMAN) by 26.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,437 shares of the company’s stock after buying an additional 12,110 shares during the period. BlackRock Fund Advisors owned approximately 0.20% of eMagin worth $110,000 at the end of the most recent reporting period.
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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