eMagin (EMAN) Upgraded to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of eMagin (NYSEAMERICAN:EMAN) from a sell rating to a hold rating in a report issued on Wednesday morning.
According to Zacks, “eMagin Corporation is a leading developer of virtual imaging technology, eMagin combines integrated circuits, microdisplays, and optics to create a virtual image equivalent to the real image of a computer monitor or large screen TV. These miniature, high-performance, virtual imaging modules provide access to information-rich text, data, and video which can facilitate the opening of new mass markets for wearable PCs, wireless Internet appliances and mobile phones, portable DVD-viewers, digital cameras, and other emerging applications. “
EMAN has been the subject of a number of other reports. HC Wainwright set a $4.00 price objective on eMagin and gave the stock a buy rating in a research report on Wednesday, November 1st. Oppenheimer reissued a hold rating on shares of eMagin in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $4.67.
eMagin (NYSEAMERICAN EMAN) opened at $1.85 on Wednesday. eMagin has a fifty-two week low of $1.60 and a fifty-two week high of $3.00.
eMagin (NYSEAMERICAN:EMAN) last posted its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%. The company had revenue of $4.28 million for the quarter, compared to analysts’ expectations of $5.60 million.
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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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