HC Wainwright Reiterates Buy Rating for eMagin Co. (EMAN)

eMagin Co. (NYSE:EMAN)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research note issued to investors on Friday. They currently have a $4.00 price objective on the semiconductor company’s stock. HC Wainwright’s target price would indicate a potential upside of 122.22% from the stock’s current price.

Separately, Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.67.

Shares of eMagin (EMAN) opened at $1.80 on Friday. eMagin has a 52-week low of $1.75 and a 52-week high of $3.00.

eMagin (NYSE:EMAN) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.04). eMagin had a negative net margin of 43.16% and a negative return on equity of 44.28%. The business had revenue of $4.28 million for the quarter, compared to analysts’ expectations of $5.60 million.

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An institutional investor recently bought a new position in eMagin stock. Virtu KCG Holdings LLC purchased a new position in eMagin Co. (NYSE:EMAN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,044 shares of the semiconductor company’s stock, valued at approximately $103,000. Virtu KCG Holdings LLC owned 0.13% of eMagin at the end of the most recent reporting period.

About eMagin

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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