Kopin (NASDAQ:KOPN) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Shares of Kopin Co. (NASDAQ:KOPN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. HC Wainwright reiterated a "buy" rating and issued a $3.00 price target on shares of Kopin in a report on Wednesday, November 13th. Canaccord Genuity Group upped 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. Finally, StockNews.com lowered 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2.63.

Kopin Stock Down 5.3 %

The stock's 50 day moving average price is $1.49 and its 200-day moving average price is $1.09. The stock has a market capitalization of $242.17 million, a P/E ratio of -3.74 and a beta of 2.73.

Hedge Funds Weigh In On Kopin

A number of hedge funds and other institutional investors have recently modified their holdings of KOPN. Murphy Pohlad Asset Management LLC boosted its stake in shares of Kopin by 26.0% during the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company's stock valued at $99,000 after purchasing an additional 28,000 shares in the last quarter. Royce & Associates LP boosted its stake in Kopin by 485.4% in the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company's stock valued at $4,886,000 after acquiring an additional 5,550,000 shares in the last quarter. AMG National Trust Bank boosted its stake in 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 acquiring an additional 20,000 shares in the last quarter. FMR LLC boosted its stake 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 acquiring an additional 57,604 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Kopin by 303.7% in the third quarter. Stifel Financial Corp now owns 626,413 shares of the company's stock valued at $457,000 after acquiring an additional 471,258 shares in the last quarter. 30.96% of the stock is currently owned by institutional investors.

Kopin Company Profile

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.