Wall Street Zen Upgrades eMagin (NYSE:EMA) to Sell

eMagin (NYSE:EMA) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Several other equities analysts have also recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of eMagin in a research report on Monday, December 29th. Bank of America lowered eMagin from a “buy” rating to a “neutral” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, eMagin currently has an average rating of “Hold” and a consensus target price of $58.50.

eMagin Trading Down 0.1%

Shares of NYSE EMA opened at $52.53 on Friday. eMagin has a fifty-two week low of $41.90 and a fifty-two week high of $54.06. The stock has a fifty day moving average of $51.79 and a 200-day moving average of $49.71.

Institutional Investors Weigh In On eMagin

A number of institutional investors and hedge funds have recently bought and sold shares of EMA. State of Tennessee Department of Treasury bought a new stake in shares of eMagin in the second quarter worth about $7,749,000. Russell Investments Group Ltd. boosted its position in shares of eMagin by 22.5% during the fourth quarter. Russell Investments Group Ltd. now owns 131,852 shares of the company’s stock valued at $6,506,000 after buying an additional 24,241 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of eMagin during the fourth quarter valued at approximately $356,000. Syon Capital LLC purchased a new position in shares of eMagin during the third quarter valued at approximately $306,000. Finally, Versant Capital Management Inc bought a new stake in shares of eMagin during the third quarter valued at approximately $284,000.

eMagin Company Profile

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.