Press coverage about eMagin (NYSE:EMAN) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. eMagin earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 47.1356949798062 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research firms have recently weighed in on EMAN. Zacks Investment Research cut shares of eMagin from a “buy” rating to a “sell” rating in a research report on Tuesday, May 16th. HC Wainwright began coverage on shares of eMagin in a report on Saturday, June 24th. They issued a “buy” rating and a $4.00 price target for the company. Finally, Rodman & Renshaw restated a “buy” rating and issued a $4.00 price target on shares of eMagin in a report on Friday, June 23rd.
eMagin (NYSE EMAN) opened at 2.10 on Friday. The company’s market capitalization is $73.44 million. eMagin has a 1-year low of $1.85 and a 1-year high of $3.00. The firm has a 50 day moving average of $2.44 and a 200-day moving average of $2.40.
eMagin (NYSE:EMAN) last released its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.02. The firm had revenue of $5.26 million during the quarter, compared to the consensus estimate of $6 million. eMagin had a negative net margin of 32.94% and a negative return on equity of 40.94%. On average, equities research analysts anticipate that eMagin will post ($0.23) earnings per share for the current fiscal year.
In related news, major shareholder Stillwater Holdings Llc bought 50,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were bought at an average price of $2.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the insider now directly owns 1,283,501 shares of the company’s stock, valued at $2,567,002. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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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