Kopin (NASDAQ:KOPN) Stock Passes Above 200-Day Moving Average - What's Next?

Shares of Kopin Co. (NASDAQ:KOPN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.15 and traded as high as $1.48. Kopin shares last traded at $1.47, with a volume of 2,185,708 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on KOPN. Canaccord Genuity Group raised their target price on Kopin from $2.00 to $2.50 and gave the stock a "buy" rating in a report on Wednesday, January 29th. StockNews.com downgraded Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, December 21st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2.63.

Kopin Stock Down 0.4 %

The business has a 50 day moving average price of $1.51 and a two-hundred day moving average price of $1.15. The stock has a market cap of $218.35 million, a P/E ratio of -3.35 and a beta of 2.74.

Institutional Investors Weigh In On Kopin

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in shares of Kopin by 6.3% during the fourth quarter. Millennium Management LLC now owns 279,459 shares of the company's stock worth $380,000 after acquiring an additional 16,630 shares during the last quarter. Murphy Pohlad Asset Management LLC lifted its stake in Kopin by 13.0% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company's stock worth $208,000 after purchasing an additional 17,600 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Kopin during the 4th quarter valued at about $25,000. AMG National Trust Bank grew its position in shares of Kopin by 19.0% during 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 in the last quarter. Finally, O Connor Financial Group LLC bought a new stake in shares of Kopin in the fourth quarter worth about $28,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

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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.