TD Waterhouse Canada Inc. bought a new position in eMagin Co. (NYSEAMERICAN:EMAN – Free Report) in the second quarter, HoldingsChannel.com reports. The fund bought 4,633,493 shares of the semiconductor company’s stock, valued at approximately $9,591,000. TD Waterhouse Canada Inc. owned 0.06% of eMagin at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mufg Securities Canada LTD. purchased a new position in shares of eMagin in the 2nd quarter worth $896,000. Royal London Asset Management Ltd. purchased a new stake in eMagin during the second quarter valued at $744,000. Van ECK Associates Corp purchased a new stake in eMagin during the second quarter valued at $6,894,000. Finally, Hsbc Holdings PLC bought a new position in eMagin in the second quarter valued at about $326,000. 33.36% of the stock is owned by institutional investors.
eMagin Stock Performance
Shares of NYSEAMERICAN:EMAN opened at $2.07 on Friday. The stock’s 50-day simple moving average is $2.07 and its two-hundred day simple moving average is $2.07. The stock has a market capitalization of $172.20 million, a price-to-earnings ratio of -13.80 and a beta of 2.03. eMagin Co. has a 52-week low of $0.69 and a 52-week high of $2.49. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.16 and a current ratio of 2.06.
About eMagin
eMagin Corporation, headquartered in Hopewell Junction, New York, is a technology company specializing in the design, development and manufacture of high-resolution organic light-emitting diode (OLED) microdisplays. Since its founding in 1996, eMagin has focused on delivering advanced active-matrix OLED (AMOLED) microdisplay solutions for near-to-eye applications, including virtual reality (VR), augmented reality (AR), military and industrial head-mounted systems, as well as medical imaging devices.
The company’s core product portfolio features monochrome and full-color OLED microdisplays that offer high contrast ratios, wide color gamut and low power consumption in a compact form factor.
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