Zacks Investment Research Downgrades eMagin Co. (EMAN) to Sell

eMagin Co. (NYSEAMERICAN:EMAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

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 research analysts also recently weighed in on EMAN. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of eMagin in a research note on Friday, November 10th. HC Wainwright set a $4.00 target price on shares of eMagin and gave the company a “buy” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. eMagin presently has an average rating of “Hold” and a consensus price target of $4.67.

Shares of eMagin (NYSEAMERICAN:EMAN) opened at $1.65 on Tuesday. eMagin has a 52-week low of $1.60 and a 52-week high of $3.00.

eMagin (NYSEAMERICAN:EMAN) last released its quarterly earnings data 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 44.28% and a negative net margin of 43.16%. The business had revenue of $4.28 million during the quarter, compared to analyst estimates of $5.60 million.

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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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