UPDATE: Oppenheimer Initiates eMargin at Perform on Superior, Costly Microdisplays

In a report published on Wednesday, Oppenheimer analyst Andrew Uerkwitz initiated coverage on eMargin EMAN with a Rating of Perform.

In the report, Oppenheimer stated, "EMAN technology...is thinner, has brighter and richer color, and uses less power. Its one disadvantage—cost—thus limits its market to the defense industry for now. Once the yield improves (which should drive down costs), we believe eMagin's microdisplay will be the premier go-to technology for high-end wearable devices. In the meantime, we sit sidelined."

eMargin closed on Wednesday at $3.56.