Kopin Corporation (NASDAQ:KOPN - Get Free Report) shares 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 traded.
Analyst Upgrades and Downgrades
KOPN has been the topic of several research reports. Canaccord Genuity Group reduced their price target on shares of Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wall Street Zen raised shares of Kopin from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st.
Read Our Latest Analysis on KOPN
Kopin Price Performance
The stock's 50 day moving average is $1.48 and its two-hundred day moving average is $1.38. The stock has a market capitalization of $275.13 million, a PE ratio of -15.36 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 for the quarter, hitting analysts' consensus estimates 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 period in the prior year, the firm earned ($0.04) earnings per share. On average, equities analysts predict that Kopin Corporation will post -0.14 earnings per share for the current year.
Hedge Funds Weigh In On Kopin
Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. purchased a new position in shares of Kopin during the fourth quarter worth approximately $25,000. One68 Global Capital LLC acquired a new position in Kopin in the 4th quarter valued at about $30,000. O Connor Financial Group LLC purchased a new position in shares of Kopin during the 2nd quarter worth about $32,000. Virtu Financial LLC acquired a new stake in Kopin during the 1st quarter worth approximately $36,000. Finally, Prudential Financial Inc. acquired a new stake in Kopin during the 4th quarter worth approximately $37,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.
About Kopin
(
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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