Zacks Investment Research Upgrades eMagin (NYSEAMERICAN:EMAN) to Hold
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. “
Separately, HC Wainwright decreased their target price on shares of GENFIT S A/ADR to $72.00 and set a buy rating on the stock in a research report on Monday, April 22nd.
eMagin (NYSEAMERICAN:EMAN) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $6.11 million for the quarter, compared to the consensus estimate of $6.30 million. During the same period in the prior year, the firm posted ($0.05) earnings per share.
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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