Kopin (NASDAQ:KOPN) Shares Cross Above 200 Day Moving Average – What’s Next?

Kopin Corporation (NASDAQ:KOPN)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $3.77 and traded as high as $3.96. Kopin shares last traded at $3.90, with a volume of 3,436,801 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings cut Kopin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Oppenheimer initiated coverage on Kopin in a research note on Thursday, September 17th. They issued an “outperform” rating and a $7.00 price target for the company. Canaccord Genuity Group increased their price target on Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Stifel Nicolaus set a $6.50 price objective on Kopin in a research note on Friday, September 25th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $7.17.

Kopin Stock Down 6.0%

The firm has a 50 day simple moving average of $4.34 and a two-hundred day simple moving average of $3.78. The stock has a market capitalization of $704.45 million, a P/E ratio of 100.75 and a beta of 3.59.

Kopin (NASDAQ:KOPN) last issued its earnings results on Tuesday, August 11th. The company reported $0.00 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. Kopin had a return on equity of 14.79% and a net margin of 18.26%. The firm had revenue of $12.73 million for the quarter, compared to the consensus estimate of $11.75 million. During the same quarter last year, the business posted ($0.03) EPS. The company’s revenue was up 50.62% compared to the same quarter last year. On average, research analysts predict that Kopin Corporation will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Kopin

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Choreo LLC bought a new stake in Kopin during the 3rd quarter worth approximately $46,000. Sigma Planning Corp increased its position in Kopin by 21.1% in the 3rd quarter. Sigma Planning Corp now owns 47,075 shares of the company’s stock valued at $217,000 after acquiring an additional 8,200 shares during the period. Simplicity Wealth LLC bought a new position in shares of Kopin during the third quarter valued at $77,000. SBI Securities Co. Ltd. lifted its holdings in shares of Kopin by 24.2% during the third quarter. SBI Securities Co. Ltd. now owns 66,783 shares of the company’s stock worth $307,000 after purchasing an additional 13,008 shares during the period. Finally, Altium Investment Strategies LLC bought a new stake in shares of Kopin in the third quarter worth $42,000. 30.96% of the stock is owned by institutional investors.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) develops wearable computing technologies, microdisplays and optical systems for defense, enterprise, medical and consumer applications. Its products are designed to provide users with hands-free access to information through head-worn and other compact display systems.

The company’s technologies include high-resolution liquid-crystal and OLED microdisplays, display modules, optical components and specialized software. Kopin integrates these components into systems such as head-mounted displays, helmet-mounted displays, thermal imaging and night-vision equipment, and wearable devices used in industrial, medical and other specialized environments.

Founded in 1984 and headquartered in Westborough, Massachusetts, Kopin serves customers and partners in the United States and international markets.