eMagin Co. (NYSE:EMAN) announced its earnings results on Thursday. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02, MarketWatch Earnings reports. eMagin had a negative net margin of 32.94% and a negative return on equity of 40.94%.

Shares of eMagin (NYSE:EMAN) traded down 8.16% during midday trading on Thursday, hitting $2.25. 503,272 shares of the stock were exchanged. The stock’s market cap is $71.22 million. eMagin has a 12 month low of $1.85 and a 12 month high of $3.00. The firm has a 50 day moving average of $2.49 and a 200-day moving average of $2.41.

In other news, major shareholder Stillwater Holdings Llc purchased 50,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $100,000.00. Following the acquisition, the insider now owns 1,283,501 shares of the company’s stock, valued at $2,567,002. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of eMagin from a “buy” rating to a “sell” rating in a research note on Tuesday, May 16th. Rodman & Renshaw reaffirmed a “buy” rating and set a $4.00 target price on shares of eMagin in a research note on Friday, June 23rd. Finally, HC Wainwright assumed coverage on shares of eMagin in a research note on Saturday, June 24th. They set a “buy” rating and a $4.00 target price on the stock.

About eMagin

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.

Earnings History for eMagin (NYSE:EMAN)

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