432,773 Shares in eMagin Co. $EMAN Purchased by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. purchased a new position in shares of eMagin Co. (NYSEAMERICAN:EMAN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 432,773 shares of the semiconductor company’s stock, valued at approximately $896,000. Mufg Securities Canada LTD. owned approximately 0.52% of eMagin as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Van ECK Associates Corp acquired a new position in shares of eMagin during the second quarter worth $6,894,000. Royal London Asset Management Ltd. acquired a new stake in eMagin in the second quarter valued at $744,000. Finally, Hsbc Holdings PLC purchased a new stake in eMagin during the 2nd quarter worth about $326,000. 33.36% of the stock is currently owned by institutional investors and hedge funds.

eMagin Stock Performance

Shares of eMagin stock opened at $2.07 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.06 and a debt-to-equity ratio of 1.59. eMagin Co. has a 52 week low of $0.69 and a 52 week high of $2.49. The firm’s 50 day moving average is $2.07 and its two-hundred day moving average is $2.07. The firm has a market capitalization of $172.20 million, a P/E ratio of -13.80 and a beta of 2.03.

eMagin Company Profile

eMagin Corporation, headquartered in Hopewell Junction, New York, is a technology company specializing in the design, development and manufacture of high-resolution organic light-emitting diode (OLED) microdisplays. Since its founding in 1996, eMagin has focused on delivering advanced active-matrix OLED (AMOLED) microdisplay solutions for near-to-eye applications, including virtual reality (VR), augmented reality (AR), military and industrial head-mounted systems, as well as medical imaging devices.

The company’s core product portfolio features monochrome and full-color OLED microdisplays that offer high contrast ratios, wide color gamut and low power consumption in a compact form factor.