eMagin (NYSE:EMA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of eMagin (NYSE:EMA) from a strong sell rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other analysts have also commented on the stock. Barclays decreased their price target on shares of eMagin from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Weiss Ratings lowered shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.00.

eMagin Trading Up 0.3%

Shares of EMA opened at $45.81 on Friday. The business’s fifty day moving average is $49.48 and its 200 day moving average is $51.58. eMagin has a 12-month low of $45.27 and a 12-month high of $55.49.

Institutional Trading of eMagin

A number of institutional investors and hedge funds have recently modified their holdings of EMA. The Manufacturers Life Insurance Company raised its stake in shares of eMagin by 6.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,232,687 shares of the company’s stock worth $65,258,000 after purchasing an additional 71,020 shares during the period. Wellington Management Group LLP purchased a new position in shares of eMagin in the 2nd quarter worth about $2,926,000. Greenland Capital Management LP purchased a new position in shares of eMagin in the 2nd quarter worth about $2,562,000. Engineers Gate Manager LP boosted its holdings in shares of eMagin by 182.6% in the 2nd quarter. Engineers Gate Manager LP now owns 26,564 shares of the company’s stock worth $1,408,000 after buying an additional 17,165 shares during the last quarter. Finally, DGS Capital Management LLC bought a new position in eMagin during the first quarter valued at about $349,000.

eMagin Company Profile

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.