Kopin (NASDAQ:KOPN) Shares Break Above 200-Day Moving Average - Here's What Happened

Key Points

• Kopin shares broke above their 200-day moving average, reaching $5.09 and last trading at $4.99 on volume of about 3.3 million shares.
• Analyst sentiment is generally positive: six analysts rate the stock Buy, with an average rating of “Moderate Buy” and an average price target of $7.17. Oppenheimer initiated coverage with an Outperform rating and a $7.00 target.
• The company has a $927.5 million market capitalization and develops microdisplays and optical technologies for defense, medical, industrial, consumer and augmented-reality applications; institutional investors own 30.96% of shares.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.06 and traded as high as $5.09. Kopin shares last traded at $4.99, with a volume of 3,300,781 shares.

Analyst Upgrades and Downgrades

KOPN has been the topic of a number of analyst reports. Canaccord Genuity Group increased their price target on Kopin from $6.25 to $6.50 and gave the company a "buy" rating in a research report on Friday, August 14th. Stifel Nicolaus set a $6.50 price objective on Kopin in a research report on Friday. Wall Street Zen upgraded shares of Kopin from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Oppenheimer began coverage on shares of Kopin in a report on Thursday, September 17th. They issued an "outperform" rating and a $7.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Kopin from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kopin presently has an average rating of "Moderate Buy" and an average target price of $7.17.

Kopin Trading Up 2.5%

The stock has a market cap of $927.49 million, a PE ratio of 124.78 and a beta of 3.57. The business has a 50 day moving average of $4.41 and a 200-day moving average of $4.06.

Hedge Funds Weigh In On Kopin

Institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new stake in Kopin during the 2nd quarter worth $33,000. Quantbot Technologies LP acquired a new position in Kopin in the second quarter valued at $39,000. Allworth Financial LP purchased a new stake in shares of Kopin in the second quarter valued at about $41,000. Capstone Financial Advisors Inc. purchased a new stake in shares of Kopin in the second quarter valued at about $45,000. Finally, Emergent Wealth Advisors LLC acquired a new stake in shares of Kopin during the second quarter worth about $48,000. 30.96% of the stock is owned by institutional investors and hedge funds.

Kopin Company Profile

Kopin Corporation is a technology company that develops microdisplays, wearable-computing systems and application-specific optical solutions. Its technologies are designed for use in defense, professional, medical, industrial and consumer products, where compact displays and hands-free access to information can support situational awareness, training, inspection and other specialized tasks.

The company's product portfolio has included miniature display technologies such as active-matrix liquid crystal displays, organic light-emitting diode displays and other microdisplay architectures, along with optical modules, eyepieces and related system components.

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