eMagin Co. (NYSE:EMAN) saw a large decline in short interest in the month of October. As of October 13th, there was short interest totalling 517,520 shares, a decline of 4.1% from the September 29th total of 539,754 shares. Based on an average daily volume of 32,349 shares, the days-to-cover ratio is currently 16.0 days. Currently, 2.0% of the company’s stock are short sold.
An institutional investor recently bought a new position in eMagin stock. Virtu KCG Holdings LLC acquired a new stake in eMagin Co. (NYSE:EMAN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 42,044 shares of the semiconductor company’s stock, valued at approximately $103,000. Virtu KCG Holdings LLC owned approximately 0.13% of eMagin at the end of the most recent quarter.
A number of equities analysts have recently weighed in on EMAN shares. HC Wainwright set a $4.00 price target on shares of eMagin and gave the stock a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of eMagin from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th.
eMagin (NYSE:EMAN) opened at 2.25 on Friday. The stock has a 50 day moving average of $2.17 and a 200-day moving average of $2.36. The firm’s market capitalization is $78.69 million. eMagin has a 1-year low of $1.85 and a 1-year high of $3.00.
eMagin (NYSE:EMAN) last posted its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $5.26 million during the quarter, compared to the consensus estimate of $6.00 million. eMagin had a negative net margin of 43.16% and a negative return on equity of 44.28%. On average, equities research analysts anticipate that eMagin will post ($0.23) earnings per share for the current year.
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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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