eMagin (NYSEAMERICAN:EMAN) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH initiated coverage on shares of eMagin (NYSEAMERICAN:EMAN – Get Rating) in a report released on Thursday morning, The Fly reports. The firm issued a buy rating and a $3.00 target price on the semiconductor company’s stock.

Separately, HC Wainwright decreased their target price on shares of eMagin from $5.00 to $3.00 and set a buy rating for the company in a research report on Friday, March 10th.

eMagin Price Performance

NYSEAMERICAN:EMAN opened at $1.66 on Thursday. eMagin has a 52 week low of $0.55 and a 52 week high of $1.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.15 and a quick ratio of 1.86. The company has a market cap of $129.85 million, a P/E ratio of -166.00 and a beta of 1.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of eMagin by 15,868.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,921,349 shares of the semiconductor company’s stock worth $2,190,000 after acquiring an additional 1,909,317 shares during the period. State Street Corp increased its stake in shares of eMagin by 6.8% in the first quarter. State Street Corp now owns 908,097 shares of the semiconductor company’s stock worth $1,035,000 after acquiring an additional 57,460 shares during the period. Geode Capital Management LLC increased its stake in shares of eMagin by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 563,055 shares of the semiconductor company’s stock worth $478,000 after acquiring an additional 16,546 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of eMagin in the first quarter worth $154,000. Finally, Jane Street Group LLC acquired a new stake in eMagin during the second quarter valued at $97,000. Hedge funds and other institutional investors own 33.36% of the company’s stock.

eMagin Company Profile

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eMagin Corp. engages in the designing, developing, manufacturing, and marketing of organic light emitting diode (OLED) miniature displays and related products. Its OLED displays are incorporated with products including military aviation helmets, military weapons sights and targeting systems, night vision and thermal imaging devices, training and simulation, visualization for ocular surgery, mobile ultrasound, and augmented reality applications.