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

Shares of Kopin Corporation (NASDAQ:KOPN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.36 and traded as high as $4.20. Kopin shares last traded at $4.09, with a volume of 2,867,490 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KOPN shares. Canaccord Genuity Group increased their price target on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective on shares of Kopin in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Finally, JonesTrading started coverage on shares of Kopin in a research note on Monday, April 27th. They issued a “buy” rating and a $6.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.15.

Kopin Stock Down 4.6%

The firm has a market capitalization of $713.39 million, a P/E ratio of 390.39 and a beta of 3.47. The business has a 50-day moving average price of $4.86 and a 200-day moving average price of $3.36.

Kopin (NASDAQ:KOPN) last issued its earnings results on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Kopin had a net margin of 5.00% and a return on equity of 4.85%. The firm had revenue of $10.55 million during the quarter, compared to analyst estimates of $9.96 million. As a group, sell-side analysts forecast that Kopin Corporation will post -0.02 EPS for the current year.

Insiders Place Their Bets

In other news, COO Paul Christopher Baker sold 116,860 shares of Kopin stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total transaction of $461,597.00. Following the sale, the chief operating officer directly owned 480,005 shares in the company, valued at approximately $1,896,019.75. The trade was a 19.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 187,920 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.80, for a total transaction of $526,176.00. Following the completion of the sale, the chief executive officer directly owned 2,931,122 shares in the company, valued at approximately $8,207,141.60. The trade was a 6.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 524,760 shares of company stock valued at $1,763,275. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Kopin by 224.0% during the fourth quarter. State Street Corp now owns 11,119,885 shares of the company’s stock worth $26,021,000 after purchasing an additional 7,687,358 shares during the period. Vanguard Group Inc. grew its stake in shares of Kopin by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after purchasing an additional 945,662 shares during the period. Telemark Asset Management LLC raised its holdings in shares of Kopin by 40.0% in the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after buying an additional 2,000,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Kopin by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,306,623 shares of the company’s stock worth $10,080,000 after buying an additional 544,189 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Kopin by 40.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,663,821 shares of the company’s stock worth $4,143,000 after buying an additional 481,268 shares during the period. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.