eMagin (NYSE:EMA) Stock Rating Upgraded by Wall Street Zen

eMagin (NYSE:EMA) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Barclays reduced their price objective on shares of eMagin from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. One 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, the stock currently has a consensus rating of “Hold” and an average price target of $53.00.

eMagin Trading Up 0.1%

Shares of EMA stock opened at $45.69 on Friday. eMagin has a 1 year low of $45.27 and a 1 year high of $55.49. The stock has a fifty day moving average of $49.62 and a two-hundred day moving average of $51.62.

Institutional Trading of eMagin

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in eMagin by 6.1% during the second quarter. The Manufacturers Life Insurance Company now owns 1,232,687 shares of the company’s stock worth $65,258,000 after acquiring an additional 71,020 shares during the period. Wellington Management Group LLP bought a new stake in eMagin in the second quarter worth about $2,926,000. Greenland Capital Management LP bought a new stake in eMagin in the second quarter worth about $2,562,000. Engineers Gate Manager LP lifted its holdings in eMagin by 182.6% in the 2nd quarter. Engineers Gate Manager LP now owns 26,564 shares of the company’s stock valued at $1,408,000 after acquiring an additional 17,165 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new stake in eMagin in the 1st 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.