eMagin (NYSE:EMA) Shares Down 1.2% – Should You Sell?

Shares of eMagin Corporation (NYSE:EMA) were down 1.2% on Monday . The company traded as low as $50.86 and last traded at $51.13. Approximately 468,935 shares were traded during trading, an increase of 31% from the average daily volume of 359,183 shares. The stock had previously closed at $51.76.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EMA shares. Wall Street Zen raised eMagin from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Barclays decreased their target price on eMagin from $53.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings lowered eMagin from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.33.

eMagin Stock Performance

The business has a fifty day moving average of $52.34 and a two-hundred day moving average of $50.69.

eMagin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.7325 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.93 annualized dividend and a yield of 5.7%.

Institutional Trading of eMagin

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in eMagin by 130.9% in the 1st quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock valued at $26,000 after purchasing an additional 288 shares during the period. EverSource Wealth Advisors LLC boosted its stake 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 period. Syon Capital LLC bought a new stake in eMagin in the 3rd quarter valued at $306,000. DGS Capital Management LLC bought a new stake in eMagin in the 1st quarter valued at $349,000. Finally, Venturi Wealth Management LLC bought a new stake in eMagin in the 4th quarter valued at $356,000.

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.