Traders Buy High Volume of Call Options on Kopin (NASDAQ:KOPN)

Kopin Co. (NASDAQ:KOPN - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock traders purchased 14,250 call options on the company. This represents an increase of 1,241% compared to the average volume of 1,063 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KOPN. Royce & Associates LP raised its holdings in Kopin by 485.4% during 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 during the period. Stifel Financial Corp raised its stake in Kopin by 303.7% during the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company's stock valued at $457,000 after purchasing an additional 471,258 shares during the period. Renaissance Technologies LLC lifted its holdings in Kopin by 494.4% in the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company's stock worth $711,000 after purchasing an additional 703,740 shares in the last quarter. FMR LLC boosted its stake in Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company's stock worth $42,000 after purchasing an additional 57,604 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Kopin during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 30.96% of the company's stock.

Kopin Stock Up 9.1 %

KOPN traded up $0.17 during midday trading on Friday, reaching $2.03. The company had a trading volume of 24,846,459 shares, compared to its average volume of 10,926,688. Kopin has a 1 year low of $0.56 and a 1 year high of $2.82. The company has a market cap of $322.36 million, a P/E ratio of -4.95 and a beta of 2.71. The business has a 50-day moving average of $1.25 and a two-hundred day moving average of $1.00.

Kopin (NASDAQ:KOPN - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period in the prior year, the firm posted ($0.02) EPS. On average, equities research analysts predict that Kopin will post -0.14 EPS for the current year.

Analyst Ratings Changes

KOPN has been the topic of a number of recent research reports. StockNews.com downgraded Kopin from a "hold" rating to a "sell" rating in a report on Saturday, December 21st. Canaccord Genuity Group assumed coverage on shares of Kopin in a research note on Thursday, January 2nd. They issued a "buy" rating and a $2.00 price objective on the stock. Finally, HC Wainwright reissued a "buy" rating and issued a $3.00 price objective on shares of Kopin in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2.50.

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.