Kopin (NASDAQ:KOPN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Kopin Co. (NASDAQ:KOPN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.89 and traded as high as $1.42. Kopin shares last traded at $1.31, with a volume of 4,094,193 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KOPN shares. StockNews.com lowered Kopin from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Kopin in a research note on Wednesday, November 13th.

Kopin Stock Performance

The company has a market capitalization of $208.03 million, a P/E ratio of -3.20 and a beta of 2.72. The company has a 50-day simple moving average of $0.93 and a 200 day simple moving average of $0.89.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOPN. Royce & Associates LP increased its position in shares of Kopin by 485.4% during the 3rd quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after purchasing an additional 5,550,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Kopin by 494.4% during the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after acquiring an additional 703,740 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Kopin by 303.7% in the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after purchasing an additional 471,258 shares during the last quarter. Murphy Pohlad Asset Management LLC boosted its stake in Kopin by 26.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after acquiring an additional 28,000 shares during the last quarter. Finally, AMG National Trust Bank boosted its position in shares of Kopin by 19.0% in the 3rd quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock worth $91,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

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.