eMagin Co. (EMAN) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of eMagin Co. (NYSEAMERICAN:EMAN) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

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. “

A number of other brokerages have also weighed in on EMAN. HC Wainwright set a $4.00 price target on shares of eMagin and gave the company a buy rating in a research report on Friday, August 11th. Oppenheimer Holdings, Inc. reissued a hold rating on shares of eMagin in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $4.67.

Shares of eMagin (NYSEAMERICAN:EMAN) opened at $1.75 on Tuesday. eMagin has a 52-week low of $1.60 and a 52-week high of $3.00.

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 analysts’ consensus estimates of ($0.05) by ($0.04). The firm had revenue of $4.28 million during the quarter, compared to the consensus estimate of $5.60 million. eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%.

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eMagin Company Profile

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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