Kopin (NASDAQ:KOPN) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Shares of Kopin Corporation (NASDAQ:KOPN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Upgrades and Downgrades

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

Kopin Stock Performance

The company's 50 day moving average price is $1.49 and its 200-day moving average price is $1.38. The company has a market cap of $269.43 million, a PE ratio of -15.05 and a beta of 2.85.

Kopin (NASDAQ:KOPN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The company reported ($0.01) earnings per share for the quarter, meeting 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 business had revenue of $14.65 million during the quarter, compared to analyst estimates of $11.15 million. During the same period in the previous year, the business earned ($0.04) EPS. Equities research analysts expect that Kopin Corporation will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Royce & Associates LP grew its stake in Kopin by 3.3% in the 1st quarter. Royce & Associates LP now owns 7,981,832 shares of the company's stock valued at $7,441,000 after buying an additional 255,450 shares in the last quarter. Telemark Asset Management LLC purchased a new position in Kopin in the 1st quarter valued at approximately $2,797,000. Geode Capital Management LLC grew its stake in Kopin by 34.3% in the 4th quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company's stock valued at $2,175,000 after buying an additional 408,396 shares in the last quarter. Silverberg Bernstein Capital Management LLC grew its stake in Kopin by 43.7% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 1,059,709 shares of the company's stock valued at $1,621,000 after buying an additional 322,205 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Kopin by 140.9% in the 4th quarter. Two Sigma Investments LP now owns 562,037 shares of the company's stock valued at $764,000 after buying an additional 328,713 shares in the last quarter. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

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.