Zacks Investment Research Upgrades eMagin (EMAN) to “Hold”

Zacks Investment Research upgraded shares of eMagin (NYSEAMERICAN:EMAN) from a sell rating to a hold rating in a research report released on Wednesday 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 equities research analysts have also weighed in on the stock. HC Wainwright set a $4.00 price target on shares of eMagin and gave the company a buy rating in a report on Wednesday, November 1st. Oppenheimer reaffirmed a hold rating on shares of eMagin in a report on Friday, November 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $4.67.

Shares of eMagin (EMAN) opened at $1.90 on Wednesday. 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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