First Washington CORP maintained its stake in shares of eMagin Co. (NYSE:EMAN) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,152,633 shares of the semiconductor company’s stock at the end of the 2nd quarter. First Washington CORP owned about 3.64% of eMagin worth $2,824,000 at the end of the most recent quarter.
EMAN has been the subject of a number of recent analyst reports. HC Wainwright initiated coverage on eMagin in a research report on Saturday, June 24th. They set a “buy” rating and a $4.00 price target for the company. Rodman & Renshaw reaffirmed a “buy” rating and set a $4.00 price target on shares of eMagin in a research report on Friday, June 23rd. Finally, Zacks Investment Research lowered eMagin from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th.
eMagin Co. (NYSE:EMAN) traded down 2.33% on Tuesday, reaching $2.10. The company’s stock had a trading volume of 6,641 shares. The company’s market capitalization is $73.44 million. eMagin Co. has a one year low of $1.85 and a one year high of $3.00. The firm has a 50-day moving average of $2.29 and a 200-day moving average of $2.39.
eMagin (NYSE:EMAN) last announced its earnings results on Thursday, August 10th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.02). eMagin had a negative net margin of 43.16% and a negative return on equity of 44.28%. The business had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $6.00 million. Analysts predict that eMagin Co. will post ($0.23) EPS for the current year.
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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