eMagin Co. (NYSE:EMAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report 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) remained flat at $2.20 during trading on Wednesday. 41,832 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $2.50 and its 200-day moving average price is $2.28. The stock’s market cap is $64.65 million. eMagin has a 12 month low of $1.26 and a 12 month high of $3.30.

eMagin (NYSE:EMAN) last released its earnings results on Friday, November 11th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.01. The company had revenue of $4.30 million for the quarter, compared to analysts’ expectations of $6.80 million. During the same quarter last year, the firm earned ($0.09) EPS. Equities research analysts expect that eMagin will post ($0.21) EPS for the current year.

An institutional investor recently raised its position in eMagin stock. BlackRock Fund Advisors boosted its position in eMagin Co. (NYSE:EMAN) by 26.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 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.

5 Day Chart for NYSE:EMAN

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