Kopin (NASDAQ:KOPN) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Kopin Corporation's shares have crossed above the two hundred day moving average, trading at $2.53 with a 200-day moving average of $1.53.
• Wall Street analysts have lowered Kopin's rating from "hold" to "sell," despite a consensus rating of "buy" from two other analysts.
• The company reported a quarterly loss of ($0.03) per share, missing estimates and with revenue of $8.46 million, below the anticipated $10.57 million.

Shares of Kopin Corporation (NASDAQ:KOPN - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.53 and traded as high as $2.67. Kopin shares last traded at $2.53, with a volume of 14,354,422 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Kopin from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $2.63.

Kopin Stock Performance

The company has a market capitalization of $411.91 million, a price-to-earnings ratio of -28.11 and a beta of 2.96. The business's 50-day simple moving average is $1.97 and its 200-day simple moving average is $1.53.

Kopin (NASDAQ:KOPN - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.02). Kopin had a negative net margin of 29.47% and a negative return on equity of 66.91%. The business had revenue of $8.46 million for the quarter, compared to analyst estimates of $10.57 million. On average, analysts forecast that Kopin Corporation will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KOPN. Prudential Financial Inc. acquired a new position in Kopin during the 2nd quarter valued at about $25,000. Legal & General Group Plc acquired a new position in shares of Kopin during the 2nd quarter worth about $25,000. O Connor Financial Group LLC acquired a new position in shares of Kopin during the 2nd quarter worth about $32,000. Virtu Financial LLC acquired a new position in shares of Kopin during the 1st quarter worth about $36,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Kopin during the 2nd quarter worth about $49,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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