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. “
Shares of eMagin (NYSE:EMAN) opened at 2.68 on Wednesday. The stock’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.17. The stock’s market cap is $78.76 million. eMagin has a 52 week low of $1.26 and a 52 week high of $3.30.
eMagin (NYSE:EMAN) last announced its earnings results on Thursday, August 11th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.03. Equities analysts anticipate that eMagin will post ($0.21) earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. BlackRock Fund Advisors raised its stake in shares of 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 period. Renaissance Technologies LLC raised its stake in shares of 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 during the period. Finally, First Washington CORP raised its stake in shares of 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 during the period.
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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