eMagin (NYSEAMERICAN:EMAN) issued its earnings results on Thursday. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03), MarketWatch Earnings reports. The firm had revenue of $6.87 million during the quarter, compared to the consensus estimate of $6.80 million.
Shares of EMAN traded down $0.06 during mid-day trading on Friday, hitting $1.42. 54,960 shares of the company traded hands, 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.
Several brokerages have recently issued reports on EMAN. HC Wainwright set a $4.00 target price on shares of eMagin and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of eMagin from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th.
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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