eMagin (NYSEAMERICAN:EMAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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. “

Separately, HC Wainwright set a $4.00 target price on shares of eMagin and gave the stock a “buy” rating in a report on Friday, May 11th.

Shares of EMAN stock opened at $1.50 on Wednesday. eMagin has a 1 year low of $1.23 and a 1 year high of $3.00.

eMagin (NYSEAMERICAN:EMAN) last issued its quarterly earnings data on Thursday, May 10th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). eMagin had a negative net margin of 69.91% and a negative return on equity of 57.13%. The business had revenue of $6.87 million for the quarter, compared to the consensus estimate of $6.50 million.

Institutional investors have recently modified their holdings of the stock. Northern Trust Corp lifted its stake in eMagin by 147.0% in the 1st quarter. Northern Trust Corp now owns 90,712 shares of the semiconductor company’s stock worth $131,000 after purchasing an additional 53,980 shares in the last quarter. First Washington CORP lifted its stake in eMagin by 23.1% in the 1st quarter. First Washington CORP now owns 1,413,853 shares of the semiconductor company’s stock worth $2,050,000 after purchasing an additional 265,620 shares in the last quarter. Finally, Penn Capital Management Co. Inc. purchased a new stake in eMagin in the 1st quarter worth $1,055,000.

About eMagin

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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