Insider Selling: eMagin Co. (EMAN) Major Shareholder Sells $423,953.28 in Stock

eMagin Co. (NYSEAMERICAN:EMAN) major shareholder Awm Investment Company, Inc. sold 220,809 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1.92, for a total transaction of $423,953.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of eMagin Co. (NYSEAMERICAN EMAN) opened at $1.60 on Friday. The company has a market cap of $70.00, a price-to-earnings ratio of -4.76 and a beta of 0.51. eMagin Co. has a 1 year low of $1.23 and a 1 year high of $3.00.

A number of brokerages have commented on EMAN. Zacks Investment Research cut shares of eMagin from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Oppenheimer reaffirmed a “hold” rating on shares of eMagin in a research report on Friday, November 10th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of eMagin in a research report on Friday, November 10th.

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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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