Kopin Co. (NASDAQ:KOPN)’s share price traded down 11.4% on Tuesday . The company traded as low as $7.11 and last traded at $9.52. 9,740,838 shares changed hands during trading, an increase of 64% from the average session volume of 5,927,547 shares. The stock had previously closed at $10.74.
A number of research analysts have weighed in on the company. HC Wainwright increased their price target on Kopin from $2.00 to $3.50 and gave the stock a “buy” rating in a research note on Monday, January 11th. Zacks Investment Research lowered Kopin from a “buy” rating to a “hold” rating in a research note on Wednesday, January 6th.
The company has a market cap of $809.70 million, a PE ratio of -63.46 and a beta of 2.45. The business has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $2.75.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC acquired a new stake in Kopin in the 4th quarter valued at $1,266,000. GSA Capital Partners LLP acquired a new stake in Kopin in the 3rd quarter valued at $386,000. Renaissance Technologies LLC acquired a new stake in Kopin in the 4th quarter valued at $611,000. ExodusPoint Capital Management LP acquired a new stake in shares of Kopin during the fourth quarter valued at about $519,000. Finally, Morgan Stanley grew its stake in shares of Kopin by 37.0% during the third quarter. Morgan Stanley now owns 412,935 shares of the company’s stock valued at $570,000 after acquiring an additional 111,443 shares in the last quarter. 18.78% of the stock is currently owned by institutional investors and hedge funds.
Kopin Company Profile (NASDAQ:KOPN)
Kopin Corporation invents, develops, manufactures, and sells components, subassemblies, head-worn, and hand-held systems 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, application specific integrated circuits, backlights, and optical lenses; and headset systems.
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