Kopin (NASDAQ:KOPN) Shares Cross Above 200-Day Moving Average – Should You Sell?

Kopin Co. (NASDAQ:KOPN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.97 and traded as high as $1.27. Kopin shares last traded at $1.27, with a volume of 1,269,505 shares changing hands.

Analyst Ratings Changes

KOPN has been the topic of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Kopin in a research note on Wednesday, November 13th. Canaccord Genuity Group initiated coverage on shares of Kopin in a research note on Thursday, January 2nd. They set a “buy” rating and a $2.00 target price on the stock. Finally, StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2.50.

Kopin Price Performance

The stock has a 50 day simple moving average of $1.16 and a two-hundred day simple moving average of $0.97. The company has a market cap of $201.68 million, a price-to-earnings ratio of -3.10 and a beta of 2.71.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.73 million. During the same quarter in the previous year, the company posted ($0.02) EPS. As a group, research analysts forecast that Kopin Co. will post -0.14 EPS for the current year.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP lifted its holdings in Kopin by 485.4% in the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after acquiring an additional 5,550,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Kopin by 494.4% in the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after purchasing an additional 703,740 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Kopin by 303.7% during the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock worth $457,000 after purchasing an additional 471,258 shares during the period. Affinity Capital Advisors LLC purchased a new position in shares of Kopin during the 3rd quarter worth $54,000. Finally, FMR LLC increased its position in shares of Kopin by 101,059.6% during the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after purchasing an additional 57,604 shares during 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.