Kopin (NASDAQ:KOPN) Shares Pass Above 200-Day Moving Average - Time to Sell?

Kopin Co. (NASDAQ:KOPN - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.89 and traded as high as $1.42. Kopin shares last traded at $1.31, with a volume of 4,094,193 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Kopin from a "hold" rating to a "sell" rating in a research report on Wednesday, December 11th. HC Wainwright reiterated a "buy" rating and set a $3.00 target price on shares of Kopin in a research report on Wednesday, November 13th.

Kopin Stock Performance

The company has a 50-day moving average of $0.94 and a 200-day moving average of $0.89. The stock has a market capitalization of $211.21 million, a price-to-earnings ratio of -3.24 and a beta of 2.72.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same period in the prior year, the business earned ($0.02) earnings per share. As a group, analysts expect that Kopin Co. will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Kopin

Several institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Kopin during the 2nd quarter valued at about $32,000. FMR LLC grew its holdings in Kopin by 101,059.6% in the third quarter. FMR LLC now owns 57,661 shares of the company's stock valued at $42,000 after purchasing an additional 57,604 shares during the period. Affinity Capital Advisors LLC purchased a new stake in Kopin in the third quarter valued at approximately $54,000. AMG National Trust Bank increased its position in Kopin by 10.5% during the second quarter. AMG National Trust Bank now owns 105,000 shares of the company's stock worth $88,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its stake in Kopin by 26.0% during the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company's stock worth $99,000 after purchasing an additional 28,000 shares during the period. 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.