H.C. Wainwright Reiterates a Buy Rating on eMagin (EMAN)

H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on eMagin (EMAN) today and set a price target of $4. The company’s shares closed yesterday at $1.48.

According to TipRanks.com, Dede is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.1% and a 33.3% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and SuperCom.

Currently, the analyst consensus on eMagin is a Moderate Buy with an average price target of $4.

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Based on eMagin’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.07 million. In comparison, last year the company had a GAAP net loss of $2.99 million.

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eMagin Corp. engages in the manufacture and trade of microdisplays from organic light emitting diode (OLED) technology. It designs, develops and markets OLED miniature microdisplays, prism optics, and virtual imaging products. The company was founded on January 23, 1996 and is headquartered in Hopewell Junction, NY.