Trade Report: Today, eMagin Co. (EMAN) Upgraded at Zacks Investment Research

Today, eMagin Co. (EMAN) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of eMagin Co. (NYSE:EMAN) from a sell rating to a hold rating in a report published on Wednesday.

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. “

eMagin (NYSE:EMAN) opened at 2.60 on Wednesday. The firm’s market capitalization is $76.41 million. eMagin has a 1-year low of $1.26 and a 1-year high of $3.30. The firm’s 50-day moving average price is $2.56 and its 200-day moving average price is $2.18.

eMagin (NYSE:EMAN) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. On average, equities research analysts predict that eMagin will post ($0.21) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of EMAN. Renaissance Technologies LLC increased its position 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 in the last quarter. BlackRock Fund Advisors increased its position 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 in the last quarter. Finally, First Washington CORP increased its position 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 in the last quarter.

About eMagin

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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