Kopin (NASDAQ:KOPN) Share Price Passes Above 200-Day Moving Average – Here’s Why

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.

Analysts Set New Price Targets

KOPN has been the subject of a number of research analyst reports. 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 downgraded shares of Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2.63.

Kopin Stock Up 0.7 %

The stock’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.15. The company has a market capitalization of $219.15 million, a PE ratio of -3.37 and a beta of 2.74.

Institutional Investors Weigh In On Kopin

Several hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. purchased a new stake in Kopin during the fourth quarter worth $25,000. O Connor Financial Group LLC purchased a new stake in shares of Kopin during the 4th quarter worth $28,000. One68 Global Capital LLC bought a new stake in Kopin during the fourth quarter valued at about $30,000. Prudential Financial Inc. bought a new position in Kopin in the fourth quarter worth about $37,000. Finally, Tower Research Capital LLC TRC lifted its position 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 valued at $42,000 after buying an additional 22,316 shares during the last quarter. Hedge funds and other institutional investors 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.