eMagin (NYSE:EMA) Trading Down 1.2% – What’s Next?

Shares of eMagin Corporation (NYSE:EMA) were down 1.2% on Monday . The stock traded as low as $50.86 and last traded at $51.13. Approximately 468,935 shares were traded during trading, an increase of 31% from the average daily volume of 359,183 shares. The stock had previously closed at $51.76.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EMA shares. Weiss Ratings downgraded eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Barclays dropped their price objective on eMagin from $53.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded eMagin from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.33.

eMagin Price Performance

The business has a fifty day simple moving average of $52.36 and a 200-day simple moving average of $50.73.

eMagin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Investors Weigh In On eMagin

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased 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 buying an additional 288 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of eMagin by 1,375.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $35,000 after buying an additional 660 shares during the period. Syon Capital LLC acquired a new stake in shares of eMagin in the third quarter valued at about $306,000. DGS Capital Management LLC acquired a new stake in shares of eMagin in the first quarter valued at about $349,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of eMagin in the fourth quarter valued at about $356,000.

eMagin Company Profile

eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.