Kopin (NASDAQ:KOPN) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Kopin Co. (NASDAQ:KOPN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.15 and traded as high as $1.48. Kopin shares last traded at $1.47, with a volume of 2,185,708 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Canaccord Genuity Group increased their price target on shares of Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Kopin currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.63.

Kopin Stock Up 4.3 %

The stock has a market cap of $233.44 million, a price-to-earnings ratio of -3.59 and a beta of 2.74. The company’s 50-day moving average is $1.51 and its 200-day moving average is $1.15.

Institutional Trading of Kopin

Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. acquired 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 shares of Kopin during the fourth quarter worth approximately $28,000. One68 Global Capital LLC acquired a new stake in shares of Kopin during the fourth quarter worth approximately $30,000. Prudential Financial Inc. acquired a new stake in shares of Kopin during the fourth quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Kopin by 271.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company’s stock worth $42,000 after buying an additional 22,316 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.