Kopin (NASDAQ:KOPN) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Kopin Corporation (NASDAQ:KOPN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.40 and traded as high as $1.97. Kopin shares last traded at $1.94, with a volume of 6,848,355 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Kopin from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Canaccord Genuity Group cut their price target on Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research note on Monday, April 21st.

Kopin Stock Performance

The stock has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.40. The stock has a market cap of $353.28 million, a P/E ratio of -19.73 and a beta of 2.85.

Kopin (NASDAQ:KOPN - Get Free Report) last released its earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). The business had revenue of $14.65 million for the quarter, compared to the consensus estimate of $11.15 million. Kopin had a negative return on equity of 87.81% and a negative net margin of 28.70%. During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, research analysts anticipate that Kopin Corporation will post -0.14 earnings per share for the current year.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC bought a new position in Kopin during the second quarter worth about $245,000. Silverberg Bernstein Capital Management LLC grew its stake in shares of Kopin by 43.7% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 1,059,709 shares of the company's stock worth $1,621,000 after buying an additional 322,205 shares during the last quarter. O Connor Financial Group LLC bought a new stake in shares of Kopin in the second quarter worth $32,000. OMERS ADMINISTRATION Corp grew its stake in shares of Kopin by 33.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 281,600 shares of the company's stock worth $263,000 after purchasing an additional 70,400 shares during the last quarter. Finally, PEAK6 LLC lifted its holdings in Kopin by 12.5% in the first quarter. PEAK6 LLC now owns 71,200 shares of the company's stock valued at $66,000 after buying an additional 7,900 shares during the period. Institutional investors and hedge funds own 30.96% of the company's stock.

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.