A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of eMagin from a hold rating to a sell rating in a research report on Tuesday, August 15th. Rodman & Renshaw restated a buy rating and issued a $4.00 price objective on shares of eMagin in a research report on Friday, June 23rd.
Shares of eMagin (NYSE EMAN) opened at 2.10 on Friday. The company’s market cap is $73.44 million. The stock’s 50 day moving average is $2.23 and its 200-day moving average is $2.39. eMagin has a one year low of $1.85 and a one year high of $3.00.
eMagin (NYSE:EMAN) last released its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). eMagin had a negative net margin of 43.16% and a negative return on equity of 44.28%. The firm had revenue of $5.26 million during the quarter, compared to the consensus estimate of $6.00 million. Equities research analysts forecast that eMagin will post ($0.23) earnings per share for the current year.
A hedge fund recently bought a new stake in eMagin stock. Virtu KCG Holdings LLC bought a new stake in shares of eMagin Co. (NYSE:EMAN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 42,044 shares of the semiconductor company’s stock, valued at approximately $103,000. Virtu KCG Holdings LLC owned about 0.13% of eMagin at the end of the most recent reporting period.
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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