eMagin Co. (NYSE:EMAN) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also given eMagin an industry rank of 31 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a research note on Tuesday, August 16th.
Shares of eMagin (NYSE:EMAN) traded up 1.89% during mid-day trading on Tuesday, hitting $2.69. 1,349 shares of the company traded hands. eMagin has a 52-week low of $1.26 and a 52-week high of $3.30. The firm has a 50-day moving average price of $2.53 and a 200 day moving average price of $2.13. The firm’s market cap is $79.05 million.
eMagin (NYSE:EMAN) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.03. Equities research analysts anticipate that eMagin will post ($0.21) EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its stake in eMagin by 26.7% in the second quarter. BlackRock Fund Advisors now owns 57,437 shares of the company’s stock valued at $110,000 after buying an additional 12,110 shares during the last quarter. Renaissance Technologies LLC raised its position in eMagin by 3.9% in the first quarter. Renaissance Technologies LLC now owns 179,700 shares of the company’s stock valued at $322,000 after buying an additional 6,685 shares in the last quarter. Finally, First Washington CORP raised its position in eMagin by 1.0% in the second quarter. First Washington CORP now owns 1,212,658 shares of the company’s stock valued at $2,328,000 after buying an additional 11,900 shares in the last quarter.
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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