Zacks Investment Research downgraded shares of eMagin (NYSEAMERICAN:EMAN) from a buy rating to a hold rating in a research note issued to investors on Friday.
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 set a $4.00 price objective on eMagin and gave the stock a buy rating in a report on Friday, November 9th.
In other eMagin news, major shareholder Awm Investment Company, Inc. sold 81,052 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $1.07, for a total transaction of $86,725.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,017,952 shares of company stock valued at $953,936 over the last three months.
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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