Kopin (NASDAQ:KOPN) Stock Price Up 7.1% – Still a Buy?

Kopin Corporation (NASDAQ:KOPN)’s share price shot up 7.1% during mid-day trading on Monday. The company traded as high as $3.46 and last traded at $3.5250. 824,351 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 5,139,846 shares. The stock had previously closed at $3.29.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Stifel Nicolaus set a $6.50 price objective on shares of Kopin in a research note on Friday, September 25th. Wall Street Zen upgraded Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Oppenheimer assumed coverage on Kopin in a report on Thursday, September 17th. They issued an “outperform” rating and a $7.00 target price on the stock. Finally, Weiss Ratings raised Kopin from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Kopin currently has a consensus rating of “Moderate Buy” and an average price target of $7.17.

Kopin Trading Up 7.8%

The stock has a market capitalization of $658.92 million, a PE ratio of 88.65 and a beta of 3.59. The business’s 50-day moving average is $4.60 and its two-hundred day moving average is $4.32.

Hedge Funds Weigh In On Kopin

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in shares of Kopin by 30.7% in the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after acquiring an additional 3,243 shares in the last quarter. Allworth Financial LP raised its stake in Kopin by 82.2% during the second quarter. Allworth Financial LP now owns 9,047 shares of the company’s stock valued at $41,000 after buying an additional 4,081 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Kopin during the second quarter worth $33,000. Sequoia Financial Advisors LLC grew its position in shares of Kopin by 6.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 120,789 shares of the company’s stock valued at $541,000 after buying an additional 7,444 shares during the last quarter. Finally, First Bank & Trust lifted its holdings in shares of Kopin by 79.1% in the 2nd quarter. First Bank & Trust now owns 18,517 shares of the company’s stock worth $83,000 after purchasing an additional 8,176 shares during the last quarter. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) develops and supplies wearable computing technologies, including microdisplays, optical systems and related components. Its products are designed for applications that require compact, high-resolution displays and hands-free access to information.

The company’s offerings have included liquid crystal, OLED and other microdisplay technologies, as well as display modules, lenses and customized optical systems. Kopin serves defense and aerospace, industrial, medical and consumer electronics markets, with products intended for applications such as head-mounted displays, night vision, thermal imaging, training systems and wearable computing devices.

Founded in 1984, Kopin is headquartered in Westborough, Massachusetts, and sells its technologies to customers and partners in the United States and international markets.