Kopin (NASDAQ:KOPN) Stock Price Down 7.5% - Should You Sell?

Key Points

• Kopin shares fell 7.5% to $3.525, with trading volume substantially below the stock’s average session volume.
• Analysts remain broadly positive: six rate the stock a Buy and two a Hold, producing a “Moderate Buy” consensus and an average price target of $7.17.
• Kopin develops microdisplays, optical systems and wearable-computing components for defense, aerospace, medical, industrial and consumer applications; institutional investors own approximately 31% of its shares.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) shares dropped 7.5% during trading on Friday. The company traded as low as $3.54 and last traded at $3.5250. Approximately 1,233,912 shares traded hands during trading, a decline of 76% from the average session volume of 5,133,408 shares. The stock had previously closed at $3.81.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KOPN. Canaccord Genuity Group increased their target price on shares of Kopin from $6.25 to $6.50 and gave the stock a "buy" rating in a research report on Friday, August 14th. Weiss Ratings raised shares of Kopin from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Oppenheimer initiated coverage on shares of Kopin in a report on Thursday, September 17th. They set an "outperform" rating and a $7.00 price target on the stock. Stifel Nicolaus set a $6.50 price target on shares of Kopin in a research note on Friday, September 25th. Finally, Wall Street Zen upgraded Kopin from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $7.17.

Kopin Price Performance

The stock has a market capitalization of $621.75 million, a price-to-earnings ratio of 83.65 and a beta of 3.59. The stock's 50 day simple moving average is $4.62 and its 200-day simple moving average is $4.31.

Institutional Investors Weigh In On Kopin

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of Kopin by 30.7% in the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company's stock worth $31,000 after acquiring an additional 3,243 shares during the last quarter. Allworth Financial LP increased its position in Kopin by 82.2% during the second quarter. Allworth Financial LP now owns 9,047 shares of the company's stock worth $41,000 after acquiring an additional 4,081 shares during the period. Meeder Asset Management Inc. bought a new position in Kopin during the second quarter worth $33,000. Sequoia Financial Advisors LLC raised its stake in Kopin by 6.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 120,789 shares of the company's stock valued at $541,000 after purchasing an additional 7,444 shares during the last quarter. Finally, First Bank & Trust raised its stake in Kopin by 79.1% during the 2nd quarter. First Bank & Trust now owns 18,517 shares of the company's stock valued at $83,000 after purchasing an additional 8,176 shares during the last quarter. 30.96% of the stock is currently owned by institutional investors.

Kopin Company Profile

Kopin Corporation NASDAQ: KOPN develops and supplies wearable computing technologies, including microdisplays, optical systems and related components. Its products are designed for applications that require compact, high-resolution displays and hands-free access to information.

The company's offerings have included liquid crystal, OLED and other microdisplay technologies, as well as display modules, lenses and customized optical systems. Kopin serves defense and aerospace, industrial, medical and consumer electronics markets, with products intended for applications such as head-mounted displays, night vision, thermal imaging, training systems and wearable computing devices.

Founded in 1984, Kopin is headquartered in Westborough, Massachusetts, and sells its technologies to customers and partners in the United States and international markets.

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