eMagin Corporation(NYSEMKT:EMAN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $4.558M. Analysts estimated a revenue of $5.260M. The revenues were -13.35% below the estimates. Earnings per share were $-0.11. The reported EPS was below estimates by -37.5%. Analysts had estimated an EPS of $-0.08.
eMagin Corporation (EMAN) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -4.26% at a volume of 7,518. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.35. The peak price level was also seen at $2.35 while the days lowest was $2.25. Finally the shares closed at $2.25. The 52-week high of the shares is $3.3 while the 52-week low is $1.68. According to the latest information available, the market cap of the company is $71 M.
Several Insider Transactions has been reported to the SEC. On Dec 22, 2015, Ltd Ginola (10% owner) purchased 266,667 shares at $1.50 per share price.Also, On Dec 21, 2015, Holdings Llc Stillwater (10% owner) purchased 1,333,333 shares at $1.50 per share price.
eMagin Corporation (eMagin) 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 which utilizes OLED microdisplays and related products. The Company’s virtual imaging products integrate OLED technology with silicon chips to produce high-resolution microdisplays smaller than one-inch diagonally. The Company’s products enable its original equipment manufacturer (OEM) customers to develop and market electronic products especially products that are mobile and portable. The Company also offers engineering support to enable customers to integrate its products into their own product development programs and offers design of customized displays with resolutions or features to meet special customer requirements.