eMagin (EMAN) Shares Down 6.1%
eMagin Co. (NYSEAMERICAN:EMAN) was down 6.1% during trading on Friday . The stock traded as low as $1.55 and last traded at $1.55. Approximately 617,727 shares traded hands during mid-day trading, an increase of 375% from the average daily volume of 129,962 shares. The stock had previously closed at $1.65.
Several equities research analysts have recently commented on EMAN shares. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of eMagin in a research note on Friday, November 10th. Oppenheimer restated a “hold” rating on shares of eMagin in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded eMagin from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. eMagin currently has an average rating of “Buy” and an average price target of $4.67.
The stock has a market cap of $54.21, a PE ratio of -4.70 and a beta of 0.62.
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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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