Kopin (NASDAQ:KOPN) Shares Cross Above 50-Day Moving Average of $1.17

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.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.04). The company had revenue of $5.54 million during the quarter. Kopin had a negative return on equity of 68.84% and a negative net margin of 169.82%. As a group, equities research analysts expect that Kopin Co. will post -0.35 earnings per share for the current year.

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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