eMagin (EMAN) Trading 0% Higher

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eMagin Co. (NYSEAMERICAN:EMAN) traded up 0% during mid-day trading on Thursday . The stock traded as high as $1.95 and last traded at $1.90. 617,401 shares were traded during trading, an increase of 153% from the average session volume of 244,386 shares. The stock had previously closed at $1.90.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded eMagin from a “buy” rating to a “hold” rating in a report on Friday, May 11th. HC Wainwright set a $4.00 price target on eMagin and gave the company a “buy” rating in a report on Thursday, March 29th.

eMagin (NYSEAMERICAN:EMAN) last posted its earnings results on Thursday, May 10th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). eMagin had a negative return on equity of 57.13% and a negative net margin of 69.91%. The firm had revenue of $6.87 million for the quarter, compared to analyst estimates of $6.50 million.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Washington CORP grew its position in eMagin by 23.1% in the first quarter. First Washington CORP now owns 1,413,853 shares of the semiconductor company’s stock valued at $2,050,000 after acquiring an additional 265,620 shares during the last quarter. Penn Capital Management Co. Inc. bought a new position in eMagin in the first quarter valued at about $1,055,000. Finally, Northern Trust Corp grew its position in eMagin by 147.0% in the first quarter. Northern Trust Corp now owns 90,712 shares of the semiconductor company’s stock valued at $131,000 after acquiring an additional 53,980 shares during the last quarter.

eMagin Company Profile

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.

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