Kopin (NASDAQ:KOPN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Kopin Co. (NASDAQ:KOPN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analysts Set New Price Targets

A number of research analysts have commented on KOPN shares. Canaccord Genuity Group assumed coverage on Kopin in a research note on Thursday, January 2nd. They set a “buy” rating and a $2.00 price target on the stock. StockNews.com lowered Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Finally, HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Kopin in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $2.50.

Kopin Price Performance

The firm has a market capitalization of $201.68 million, a price-to-earnings ratio of -3.10 and a beta of 2.71. The firm has a 50 day moving average price of $1.16 and a 200-day moving average price of $0.97.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The company had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same quarter last year, the company earned ($0.02) EPS. Equities research analysts predict that Kopin Co. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KOPN. O Connor Financial Group LLC purchased a new stake in shares of Kopin in the 4th quarter valued at approximately $28,000. XTX Topco Ltd purchased a new position in Kopin in the second quarter valued at $32,000. FMR LLC increased its holdings in 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 buying an additional 57,604 shares during the last quarter. Affinity Capital Advisors LLC acquired a new stake in Kopin in the third quarter valued at $54,000. Finally, AMG National Trust Bank lifted its holdings 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 buying an additional 20,000 shares during the last quarter. Hedge funds and other 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.