Kopin (NASDAQ:KOPN) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Kopin Co. (NASDAQ:KOPN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.97 and traded as high as $1.27. Kopin shares last traded at $1.27, with a volume of 1,269,505 shares changing hands.

Analyst Ratings Changes

Several research analysts recently issued reports on KOPN shares. Canaccord Genuity Group initiated coverage on Kopin in a research report on Thursday, January 2nd. They set a “buy” rating and a $2.00 price objective for the company. StockNews.com downgraded Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Finally, HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Kopin in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kopin has an average rating of “Moderate Buy” and an average price target of $2.50.

Kopin Stock Up 2.5 %

The company has a 50 day moving average of $1.18 and a 200 day moving average of $0.98. The stock has a market capitalization of $193.74 million, a price-to-earnings ratio of -2.98 and a beta of 2.71.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The business had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same period in the prior year, the firm posted ($0.02) EPS. On average, research analysts forecast that Kopin Co. will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Kopin

A number of institutional investors and hedge funds have recently made changes to their positions in KOPN. O Connor Financial Group LLC purchased a new stake in Kopin during the fourth quarter valued at about $28,000. XTX Topco Ltd purchased a new position in shares of Kopin in the 2nd quarter valued at $32,000. FMR LLC raised its stake in shares of Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock valued at $42,000 after acquiring an additional 57,604 shares during the period. Affinity Capital Advisors LLC acquired a new position in shares of Kopin during the 3rd quarter valued at $54,000. Finally, AMG National Trust Bank boosted its position in Kopin by 19.0% during the 3rd quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock worth $91,000 after purchasing an additional 20,000 shares during the period. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.