eMagin (NYSEAMERICAN:EMAN) Shares Up 7.8%
eMagin Co. (NYSEAMERICAN:EMAN)’s stock price shot up 7.8% during mid-day trading on Tuesday . The stock traded as high as $4.28 and last traded at $4.17. 3,433,033 shares changed hands during trading, an increase of 27% from the average session volume of 2,700,407 shares. The stock had previously closed at $3.87.
Separately, Zacks Investment Research downgraded eMagin from a “hold” rating to a “sell” rating in a report on Monday, February 1st.
The firm has a market capitalization of $281.48 million, a PE ratio of -28.36 and a beta of 1.82. The business has a 50 day moving average price of $1.48 and a 200-day moving average price of $1.29. The company has a current ratio of 2.35, a quick ratio of 1.59 and a debt-to-equity ratio of 0.06.
A number of large investors have recently made changes to their positions in EMAN. IFP Advisors Inc grew its holdings in eMagin by 60.0% during the 3rd quarter. IFP Advisors Inc now owns 40,000 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 15,000 shares during the last quarter. Private Capital Advisors Inc. acquired a new stake in shares of eMagin during the third quarter worth $36,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of eMagin during the third quarter worth $252,000. JBF Capital Inc. acquired a new stake in shares of eMagin during the third quarter worth $89,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of eMagin during the third quarter worth $98,000. Hedge funds and other institutional investors own 10.00% of the company’s stock.
About eMagin (NYSEAMERICAN:EMAN)
eMagin Corporation designs, develops, manufactures, and markets organic light-emitting diode (OLED) displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super eXtended graphics array OLED-XL/XLS and OLED-XL; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL/XLS.
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