Kopin (NASDAQ:KOPN) Stock Passes Above 200 Day Moving Average - What's Next?

Kopin Corporation (NASDAQ:KOPN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.38 and traded as high as $1.61. Kopin shares last traded at $1.60, with a volume of 1,898,758 shares.

Analyst Ratings Changes

Several research firms have issued reports on KOPN. Canaccord Genuity Group decreased their price target on shares of Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised shares of Kopin from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st.

Kopin Stock Up 2.4%

The company's fifty day moving average is $1.50 and its 200 day moving average is $1.39. The stock has a market cap of $276.76 million, a PE ratio of -15.45 and a beta of 2.85.

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

Institutional Trading of Kopin

A number of hedge funds have recently made changes to their positions in KOPN. Royce & Associates LP increased its stake in shares of Kopin by 3.3% in the first quarter. Royce & Associates LP now owns 7,981,832 shares of the company's stock worth $7,441,000 after buying an additional 255,450 shares during the last quarter. Telemark Asset Management LLC acquired a new position in shares of Kopin during the first quarter valued at $2,797,000. Geode Capital Management LLC lifted its holdings in Kopin by 34.3% in the fourth quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company's stock worth $2,175,000 after purchasing an additional 408,396 shares during the period. Silverberg Bernstein Capital Management LLC lifted its holdings in Kopin by 43.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 1,059,709 shares of the company's stock worth $1,621,000 after purchasing an additional 322,205 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Kopin by 140.9% in the fourth quarter. Two Sigma Investments LP now owns 562,037 shares of the company's stock worth $764,000 after purchasing an additional 328,713 shares during the period. Hedge funds and other institutional investors own 30.96% of the company's stock.

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.