Kopin Co. (NASDAQ:KOPN - Get Free Report) shares passed 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 changing hands.
Analyst Ratings Changes
A number of analysts have weighed in on KOPN shares. Canaccord Genuity Group raised their price target on Kopin from $2.00 to $2.50 and gave the company a "buy" rating in a research note on Wednesday, January 29th. StockNews.com lowered Kopin from a "hold" rating to a "sell" rating in a research report on Saturday, December 21st. Finally, HC Wainwright reissued a "buy" rating and set a $3.00 price objective on shares of Kopin in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $2.63.
Read Our Latest Report on Kopin
Kopin Stock Performance
The stock has a market cap of $238.20 million, a PE ratio of -3.66 and a beta of 2.73. The firm's 50-day moving average is $1.50 and its 200 day moving average is $1.09.
Hedge Funds Weigh In On Kopin
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in Kopin in the 4th quarter valued at approximately $25,000. O Connor Financial Group LLC purchased a new stake in shares of Kopin in the fourth quarter valued at approximately $28,000. One68 Global Capital LLC purchased a new stake in shares of Kopin in the fourth quarter valued at approximately $30,000. Prudential Financial Inc. purchased a new stake in shares of Kopin in the fourth quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Kopin by 271.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock valued at $42,000 after buying an additional 22,316 shares in the last quarter. 30.96% of the stock is currently owned by hedge funds and other institutional investors.
Kopin Company Profile
(
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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.
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