The Manufacturers Life Insurance Company Acquires New Shares in eMagin Co. $EMAN

The Manufacturers Life Insurance Company bought a new position in shares of eMagin Co. (NYSEAMERICAN:EMAN) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 1,232,687 shares of the semiconductor company’s stock, valued at approximately $65,258,000.

Other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH acquired a new stake in shares of eMagin during the second quarter worth about $322,000. Hsbc Holdings PLC bought a new stake in eMagin during the 2nd quarter worth approximately $326,000. Royal London Asset Management Ltd. bought a new stake in eMagin during the 2nd quarter worth approximately $744,000. Mufg Securities Canada LTD. acquired a new stake in eMagin during the 2nd quarter worth approximately $896,000. Finally, Van ECK Associates Corp acquired a new stake in eMagin during the 2nd quarter worth approximately $6,894,000. 33.36% of the stock is currently owned by institutional investors.

eMagin Stock Performance

Shares of EMAN opened at $2.07 on Friday. The firm has a market cap of $172.20 million, a P/E ratio of -13.80 and a beta of 2.03. eMagin Co. has a twelve month low of $0.69 and a twelve month high of $2.49. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.16 and a current ratio of 2.06. The firm’s 50 day moving average price is $2.07 and its two-hundred day moving average price is $2.07.

eMagin Company Profile

eMagin Corporation, headquartered in Hopewell Junction, New York, is a technology company specializing in the design, development and manufacture of high-resolution organic light-emitting diode (OLED) microdisplays. Since its founding in 1996, eMagin has focused on delivering advanced active-matrix OLED (AMOLED) microdisplay solutions for near-to-eye applications, including virtual reality (VR), augmented reality (AR), military and industrial head-mounted systems, as well as medical imaging devices.

The company’s core product portfolio features monochrome and full-color OLED microdisplays that offer high contrast ratios, wide color gamut and low power consumption in a compact form factor.