Kopin Corporation (NASDAQ:KOPN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.
Analysts Set New Price Targets
KOPN has been the subject of several research analyst reports. Wall Street Zen raised Kopin from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Canaccord Genuity Group lowered their target price on Kopin from $2.50 to $2.25 and set a "buy" rating for the company in a research note on Monday, April 21st.
Read Our Latest Research Report on KOPN
Kopin Price Performance
The company has a market capitalization of $353.28 million, a P/E ratio of -19.73 and a beta of 2.85. The company has a fifty day moving average price of $1.56 and a two-hundred day moving average price of $1.41.
Kopin (NASDAQ:KOPN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $14.65 million for the quarter, compared to analysts' expectations 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 period in the previous year, the business posted ($0.04) earnings per share. As a group, sell-side analysts forecast that Kopin Corporation will post -0.14 earnings per share for the current year.
Institutional Trading of Kopin
Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. bought a new stake in shares of Kopin during the fourth quarter worth about $25,000. One68 Global Capital LLC bought a new stake in Kopin in the fourth quarter valued at approximately $30,000. O Connor Financial Group LLC bought a new stake in Kopin in the second quarter valued at approximately $32,000. Virtu Financial LLC bought a new stake in Kopin in the first quarter valued at approximately $36,000. Finally, Prudential Financial Inc. bought a new stake in Kopin in the fourth quarter valued at approximately $37,000. 30.96% of the stock is currently owned by institutional investors.
Kopin Company Profile
(
Get Free Report)
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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