Kopin Co. (NASDAQ:KOPN) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.17 and traded as high as $1.20. Kopin shares last traded at $1.19, with a volume of 3,767 shares changing hands.
KOPN has been the subject of a number of research analyst reports. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Kopin has an average rating of “Hold” and an average price target of $2.17.
The company has a market capitalization of $100.96 million, a PE ratio of -2.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.71 and a quick ratio of 3.39. The company has a 50-day simple moving average of $1.17.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Kopin by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 636,382 shares of the company’s stock worth $635,000 after acquiring an additional 21,327 shares in the last quarter. Barclays PLC raised its position in shares of Kopin by 21.8% in the 4th quarter. Barclays PLC now owns 128,099 shares of the company’s stock worth $128,000 after acquiring an additional 22,905 shares in the last quarter. Rhumbline Advisers raised its position in shares of Kopin by 18.6% in the 4th quarter. Rhumbline Advisers now owns 167,730 shares of the company’s stock worth $168,000 after acquiring an additional 26,294 shares in the last quarter. Weybosset Research & Management LLC bought a new position in shares of Kopin in the 1st quarter worth $35,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Kopin in the 1st quarter worth $61,000. 41.25% of the stock is owned by hedge funds and other institutional investors.
About Kopin (NASDAQ:KOPN)
Kopin Corporation invents, develops, manufactures, and sells various components and systems 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, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.
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