Kopin (NASDAQ:KOPN) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Kopin Co. (NASDAQ:KOPN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.08 and traded as high as $1.69. Kopin shares last traded at $1.66, with a volume of 2,290,629 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Kopin from $2.00 to $2.50 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com cut Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Kopin in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2.63.

Kopin Price Performance

The business’s 50 day moving average price is $1.47 and its 200 day moving average price is $1.08. The firm has a market cap of $263.61 million, a PE ratio of -4.05 and a beta of 2.73.

Hedge Funds Weigh In On Kopin

A number of hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in shares of Kopin during the fourth quarter worth approximately $25,000. O Connor Financial Group LLC acquired a new stake in Kopin during the 4th quarter worth $28,000. One68 Global Capital LLC purchased a new stake in shares of Kopin during the fourth quarter worth $30,000. Prudential Financial Inc. acquired a new stake in shares of Kopin in the fourth quarter valued at about $37,000. Finally, FMR LLC lifted its stake in shares of Kopin by 101,059.6% in the third quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after buying an additional 57,604 shares in the last quarter. Institutional investors and hedge funds 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.