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

Kopin Corporation (NASDAQ:KOPN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.58 and traded as high as $2.68. Kopin shares last traded at $2.59, with a volume of 2,658,371 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on KOPN. Craig Hallum began coverage on shares of Kopin in a research note on Wednesday, October 22nd. They set a “buy” rating and a $6.00 price target on the stock. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Lake Street Capital upped their price target on shares of Kopin from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus initiated coverage on Kopin in a research note on Friday, October 17th. They issued a “buy” rating and a $5.50 target price for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.69.

Kopin Price Performance

The company has a 50 day moving average of $2.64 and a 200-day moving average of $2.58. The company has a market capitalization of $472.70 million, a P/E ratio of -64.75 and a beta of 2.93.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $11.96 million for the quarter, compared to analyst estimates of $13.89 million. Kopin had a negative return on equity of 30.97% and a negative net margin of 13.81%. Research analysts predict that Kopin Corporation will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Kopin

Several institutional investors and hedge funds have recently modified their holdings of KOPN. PFG Investments LLC purchased a new position in shares of Kopin in the 2nd quarter valued at approximately $245,000. Sequoia Financial Advisors LLC bought a new position in Kopin in the second quarter worth $128,000. ProShare Advisors LLC purchased a new position in Kopin during the second quarter valued at $271,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Kopin during the second quarter valued at $1,834,000. Finally, Telemark Asset Management LLC boosted its holdings in shares of Kopin by 33.3% during the 2nd quarter. Telemark Asset Management LLC now owns 4,000,000 shares of the company’s stock valued at $6,120,000 after buying an additional 1,000,000 shares in the last quarter. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.