eMagin (NYSE:EMA) Raised to “Sell” at Wall Street Zen

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

EMA has been the subject of several other research reports. Bank of America downgraded shares of eMagin from a “buy” rating to a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of eMagin in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, eMagin currently has a consensus rating of “Hold” and a consensus target price of $58.50.

eMagin Stock Performance

Shares of NYSE EMA opened at $52.53 on Friday. The company has a 50 day simple moving average of $51.79 and a 200-day simple moving average of $49.74. eMagin has a 1 year low of $41.90 and a 1 year high of $54.06.

Institutional Trading of eMagin

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in eMagin by 1,375.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $35,000 after purchasing an additional 660 shares during the last quarter. Versant Capital Management Inc purchased a new position in eMagin in the 3rd quarter valued at approximately $284,000. Syon Capital LLC purchased a new position in eMagin in the 3rd quarter valued at approximately $306,000. Venturi Wealth Management LLC purchased a new position in eMagin in the 4th quarter valued at approximately $356,000. Finally, Russell Investments Group Ltd. boosted its position in eMagin by 26.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 107,611 shares of the company’s stock valued at $5,164,000 after buying an additional 22,654 shares during the period.

About eMagin

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.