Zacks Investment Research upgraded shares of eMagin (NYSEAMERICAN:EMAN) from a sell rating to a hold rating in a report issued on Wednesday, November 29th.
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. “
Several other brokerages have also recently issued reports on EMAN. HC Wainwright set a $4.00 price target on eMagin and gave the company a buy rating in a research report on Friday, August 11th. Oppenheimer reiterated a hold rating on shares of eMagin in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $4.67.
eMagin (NYSEAMERICAN:EMAN) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). eMagin had a negative return on equity of 57.13% and a negative net margin of 69.91%. The company had revenue of $4.28 million during the quarter, compared to the consensus estimate of $5.60 million.
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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