Separately, Zacks Investment Research raised eMagin from a sell rating to a hold rating in a report on Wednesday, October 10th.
NYSEAMERICAN EMAN traded down $0.06 during trading hours on Friday, reaching $1.42. The company’s stock had a trading volume of 54,960 shares, compared to its average volume of 152,964. eMagin has a 1-year low of $1.23 and a 1-year high of $2.05.
eMagin (NYSEAMERICAN:EMAN) last announced its earnings results on Thursday, November 8th. The semiconductor company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $6.87 million for the quarter, compared to analyst estimates of $6.80 million.
A hedge fund recently raised its stake in eMagin stock. Northern Trust Corp lifted its stake in eMagin Co. (NYSEAMERICAN:EMAN) by 147.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,712 shares of the semiconductor company’s stock after purchasing an additional 53,980 shares during the quarter. Northern Trust Corp owned about 0.20% of eMagin worth $131,000 at the end of the most recent reporting period.
eMagin Corporation designs, develops, manufactures, and markets organic light emitting diode (OLED) displays on-silicon micro displays; virtual imaging products that utilize OLED micro displays; and related products. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS and OLED-XL; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL.
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