eMagin (NYSEAMERICAN:EMAN) Coverage Initiated at LADENBURG THALM/SH SH

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

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

eMagin Stock Up 12.2 %

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

Hedge Funds Weigh In On eMagin

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in eMagin by 15,868.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,921,349 shares of the semiconductor company’s stock valued at $2,190,000 after acquiring an additional 1,909,317 shares during the last quarter. State Street Corp grew its stake in eMagin by 6.8% in the 1st quarter. State Street Corp now owns 908,097 shares of the semiconductor company’s stock valued at $1,035,000 after acquiring an additional 57,460 shares during the last quarter. Geode Capital Management LLC grew its stake in eMagin by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 563,055 shares of the semiconductor company’s stock valued at $478,000 after acquiring an additional 16,546 shares during the last quarter. Jane Street Group LLC acquired a new stake in eMagin in the 2nd quarter valued at about $97,000. Finally, JPMorgan Chase & Co. acquired a new stake in eMagin in the 1st quarter valued at about $154,000. 33.36% of the stock is owned by institutional investors and hedge funds.

About eMagin

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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.