eMagin (NYSE:EMA) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of eMagin Corporation (NYSE:EMA) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $51.16 and traded as high as $51.34. eMagin shares last traded at $51.2860, with a volume of 624,737 shares traded.

Analysts Set New Price Targets

EMA has been the subject of a number of research analyst reports. Wall Street Zen downgraded eMagin from a “sell” rating to a “strong sell” rating in a report on Saturday, October 31st. Weiss Ratings raised shares of eMagin from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Finally, Barclays cut their price objective on shares of eMagin from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.00.

eMagin Stock Up 2.6%

The firm’s 50 day simple moving average is $48.56 and its 200-day simple moving average is $51.16.

eMagin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a C$0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from eMagin’s previous quarterly dividend of C$0.73.

Institutional Trading of eMagin

A number of large investors have recently made changes to their positions in EMA. Beutel Goodman & Co Ltd. acquired a new position in eMagin during the third quarter worth approximately $12,277,000. Alps Advisors Inc. purchased a new position in shares of eMagin during the third quarter worth approximately $1,653,000. Generali Asset Management SPA SGR purchased a new position in shares of eMagin during the third quarter worth approximately $529,000. Signaturefd LLC acquired a new position in shares of eMagin in the 3rd quarter valued at $216,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of eMagin in the 3rd quarter valued at $1,044,000.

eMagin Company Profile