eMagin (NYSE:EMA) Share Price Breaks Above Two Hundred Day Moving Average – What’s Next?

eMagin Corporation (NYSE:EMA) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $51.16 and traded as high as $51.34. eMagin shares last traded at $51.2860, with a volume of 624,737 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of eMagin from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Weiss Ratings upgraded shares of eMagin from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, Wall Street Zen downgraded shares of eMagin from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 31st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, eMagin currently has an average rating of “Hold” and an average price target of $50.00.

eMagin Stock Down 1.0%

The company has a 50 day moving average price of $48.59 and a 200 day moving average price of $51.18.

eMagin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a C$0.74 dividend. This is an increase from eMagin’s previous quarterly dividend of C$0.73. The ex-dividend date is Friday, October 30th. This represents a $2.96 annualized dividend and a yield of 5.8%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in eMagin by 130.9% during the first quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock worth $26,000 after purchasing an additional 288 shares in the last quarter. Gold Investment Management Ltd. purchased a new position in shares of eMagin during the third quarter worth $27,000. Mather Group LLC. acquired a new stake in shares of eMagin in the third quarter valued at $38,000. EverSource Wealth Advisors LLC grew its stake in shares of eMagin by 54.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock valued at $57,000 after buying an additional 385 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in shares of eMagin in the 3rd quarter valued at $120,000.

About eMagin