eMagin (EMAN) Given News Sentiment Rating of 0.08
News stories about eMagin (NYSE:EMAN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. eMagin earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 47.3721616523463 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
eMagin (NYSE EMAN) traded up 1.20% during midday trading on Friday, reaching $2.10. The company had a trading volume of 22,271 shares. The stock has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.40. eMagin has a 12-month low of $1.85 and a 12-month high of $3.00. The company’s market capitalization is $73.44 million.
eMagin (NYSE:EMAN) last announced its earnings results on Thursday, August 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The company had revenue of $5.26 million for the quarter, compared to analyst estimates of $6 million. eMagin had a negative return on equity of 40.94% and a negative net margin of 32.94%. Equities analysts forecast that eMagin will post ($0.23) EPS for the current year.
A number of equities research analysts recently commented on EMAN shares. HC Wainwright set a $4.00 price objective on eMagin and gave the company a “buy” rating in a report on Friday, August 11th. Rodman & Renshaw reiterated a “buy” rating and issued a $4.00 price objective on shares of eMagin in a report on Friday, June 23rd. Finally, Zacks Investment Research upgraded eMagin from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Tuesday, May 9th.
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In related news, major shareholder Stillwater Holdings Llc bought 50,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average cost of $2.00 per share, with a total value of $100,000.00. Following the acquisition, the insider now owns 1,283,501 shares of the company’s stock, valued at $2,567,002. The purchase was disclosed in a filing with the SEC, which is available through this link.
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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