Kopin Sees Unusually High Options Volume (NASDAQ:KOPN)

Kopin Corporation (NASDAQ:KOPN) was the recipient of unusually large options trading on Tuesday. Traders purchased 27,494 call options on the stock. This represents an increase of approximately 950% compared to the typical daily volume of 2,618 call options.

Kopin Price Performance

Shares of KOPN opened at $2.25 on Wednesday. The business’s 50-day moving average is $2.31 and its 200-day moving average is $2.64. The company has a market capitalization of $410.65 million, a price-to-earnings ratio of -56.25 and a beta of 2.87. Kopin has a fifty-two week low of $0.71 and a fifty-two week high of $4.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4.69.

Institutional Investors Weigh In On Kopin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after buying an additional 1,806,632 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Kopin in the second quarter worth $49,000. Intech Investment Management LLC purchased a new stake in shares of Kopin during the second quarter worth $121,000. JPMorgan Chase & Co. boosted its position in Kopin by 113,958.1% during the second quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock valued at $108,000 after purchasing an additional 70,654 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Kopin during the second quarter valued at $25,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

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.