Kopin (NASDAQ:KOPN) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Kopin Co. (NASDAQ:KOPN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.08 and traded as high as $1.69. Kopin shares last traded at $1.66, with a volume of 2,290,629 shares traded.

Wall Street Analysts Forecast Growth

KOPN has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of Kopin in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised their price objective on shares of Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.63.

Kopin Price Performance

The stock has a market cap of $255.67 million, a P/E ratio of -3.93 and a beta of 2.73. The business’s 50-day simple moving average is $1.49 and its two-hundred day simple moving average is $1.09.

Hedge Funds Weigh In On Kopin

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its position in Kopin by 485.4% during the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after purchasing an additional 5,550,000 shares during the period. Stifel Financial Corp boosted its position in shares of Kopin by 303.7% in the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after acquiring an additional 471,258 shares during the period. FMR LLC boosted its position in shares of Kopin by 101,059.6% in the third 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. Penbrook Management LLC bought a new position in shares of Kopin in the fourth quarter valued at approximately $66,000. Finally, Murphy Pohlad Asset Management LLC boosted its position in shares of Kopin by 26.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after acquiring an additional 28,000 shares during the period. Institutional investors own 30.96% of the company’s stock.

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.