eMagin (EMAN) Receiving Somewhat Favorable News Coverage, Accern Reports
News headlines about eMagin (NYSE:EMAN) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. eMagin earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.8183604044559 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut eMagin from a “buy” rating to a “sell” rating in a research note on Tuesday, May 16th. HC Wainwright set a $4.00 price objective on eMagin and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Rodman & Renshaw reiterated a “buy” rating and set a $4.00 price target on shares of eMagin in a report on Friday, June 23rd.
Shares of eMagin (NYSE:EMAN) remained flat at $2.05 during midday trading on Wednesday. 108,346 shares of the stock traded hands. The firm’s 50 day moving average price is $2.28 and its 200-day moving average price is $2.39. eMagin has a 52-week low of $1.85 and a 52-week high of $3.00. The stock’s market capitalization is $71.69 million.
eMagin (NYSE:EMAN) last posted its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.02). eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%. The firm had revenue of $5.26 million for the quarter, compared to the consensus estimate of $6.00 million. On average, analysts predict that eMagin will post ($0.23) earnings per share for the current year.
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.
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