Kopin (NASDAQ:KOPN) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Kopin Co. (NASDAQ:KOPN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.08 and traded as high as $1.69. Kopin shares last traded at $1.66, with a volume of 2,290,629 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Wednesday, January 29th. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of Kopin in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2.63.

Kopin Price Performance

The company’s fifty day moving average price is $1.49 and its 200 day moving average price is $1.09. The company has a market cap of $255.67 million, a PE ratio of -3.93 and a beta of 2.73.

Institutional Trading of Kopin

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of Kopin by 6.3% in the fourth quarter. Millennium Management LLC now owns 279,459 shares of the company’s stock valued at $380,000 after purchasing an additional 16,630 shares during the last quarter. Murphy Pohlad Asset Management LLC raised its holdings in shares of Kopin by 13.0% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company’s stock valued at $208,000 after purchasing an additional 17,600 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Kopin in the fourth quarter valued at about $25,000. AMG National Trust Bank raised its holdings in shares of Kopin by 19.0% in the third quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock valued at $91,000 after purchasing an additional 20,000 shares during the last quarter. Finally, O Connor Financial Group LLC purchased a new stake in Kopin during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

About Kopin

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.