EMagin Stock Soars (EMAN)

NEW YORK ( TheStreet) -- Shares of eMagin Corporation (AMEX: EMAN) have taken a tremendous swing upward. The stock is trading at $3.53 as of 12:05 p.m. ET, 21.7% above Friday's closing price of $2.90. Volume is at 159,915, 0.8 times the daily average of 189,800.

eMagin has a market cap of $60.5 million and is part of the technology sector and electronics industry. Shares are down 51% year to date as of the close of trading on Friday.

eMagin Corporation manufactures microdisplays using organic light emitting diode technology (OLED). It designs, develops, manufactures, and markets OLED on silicon microdisplays; virtual imaging products, which utilize OLED microdisplays; and related products. The company has a P/E ratio of 6.2, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates eMagin as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including meager revenue growth and feeble growth in the company's earnings per share. You can view the full eMagin Ratings Report.

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