eMagin (NYSEAMERICAN:EMAN) announced its quarterly earnings data on Thursday. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.03), MarketWatch Earnings reports. The company had revenue of $6.87 million for the quarter, compared to analysts’ expectations of $6.80 million.
Shares of EMAN stock traded down $0.06 during mid-day trading on Friday, hitting $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 52-week low of $1.23 and a 52-week high of $2.05.
A number of brokerages have issued reports on EMAN. Zacks Investment Research cut eMagin from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. HC Wainwright set a $4.00 price objective on eMagin and gave the company a “buy” rating in a research note on Friday, August 10th.
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eMagin Company Profile
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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