eMagin (NYSE:EMA) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of eMagin (NYSE:EMA) from a sell rating to a strong sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also weighed in on the company. Weiss Ratings raised eMagin from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 9th. Barclays cut their price target on shares of eMagin from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $53.00.

eMagin Price Performance

EMA stock opened at $47.76 on Friday. The stock has a 50-day moving average price of $50.92 and a two-hundred day moving average price of $51.98. eMagin has a 12-month low of $46.87 and a 12-month high of $55.49.

eMagin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a C$0.73 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.93 annualized dividend and a yield of 6.1%.

Institutional Trading of eMagin

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of eMagin by 130.9% in the first quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock valued at $26,000 after purchasing an additional 288 shares during the period. EverSource Wealth Advisors LLC grew its holdings in eMagin by 1,375.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $35,000 after purchasing an additional 660 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in eMagin during the 2nd quarter worth $264,000. Nykredit A S purchased a new stake in eMagin during the 2nd quarter worth $292,000. Finally, Tidal Investments LLC lifted its holdings in eMagin by 30.3% in the 2nd quarter. Tidal Investments LLC now owns 5,917 shares of the company’s stock worth $314,000 after buying an additional 1,376 shares in the last quarter.

About eMagin

eMagin Corporation was a U.S.-based developer and manufacturer of organic light-emitting diode (OLED) microdisplays and near-eye display systems. Its products were designed for applications requiring compact, high-resolution displays, including military and aerospace equipment, night-vision and thermal-imaging systems, medical devices, industrial instruments, and other specialized electronics.

The company developed active-matrix OLED microdisplays, display engines, and related technologies intended for use in head-mounted and wearable systems.