Kopin (NASDAQ:KOPN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Kopin Corporation (NASDAQ:KOPN)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.06 and traded as high as $5.09. Kopin shares last traded at $4.99, with a volume of 3,300,781 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KOPN shares. Canaccord Genuity Group raised their price target on Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a report on Friday, August 14th. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Stifel Nicolaus set a $6.50 price objective on Kopin in a research note on Friday. Wall Street Zen upgraded Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Oppenheimer began coverage on Kopin in a research note on Thursday, September 17th. They set an “outperform” rating and a $7.00 target price on the stock. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.17.

Kopin Price Performance

The stock’s 50-day moving average is $4.41 and its two-hundred day moving average is $4.06. The stock has a market cap of $927.49 million, a P/E ratio of 124.78 and a beta of 3.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KOPN. Principal Financial Group Inc. grew its position in shares of Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after purchasing an additional 3,243 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Kopin by 82.2% in the second quarter. Allworth Financial LP now owns 9,047 shares of the company’s stock worth $41,000 after purchasing an additional 4,081 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Kopin in the second quarter worth about $33,000. Sequoia Financial Advisors LLC lifted its position in shares of Kopin by 6.6% in the second quarter. Sequoia Financial Advisors LLC now owns 120,789 shares of the company’s stock worth $541,000 after buying an additional 7,444 shares in the last quarter. Finally, First Bank & Trust lifted its position in shares of Kopin by 79.1% in the second quarter. First Bank & Trust now owns 18,517 shares of the company’s stock worth $83,000 after buying an additional 8,176 shares in the last quarter. Institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

Kopin Corporation is a technology company that develops microdisplays, wearable-computing systems and application-specific optical solutions. Its technologies are designed for use in defense, professional, medical, industrial and consumer products, where compact displays and hands-free access to information can support situational awareness, training, inspection and other specialized tasks.

The company’s product portfolio has included miniature display technologies such as active-matrix liquid crystal displays, organic light-emitting diode displays and other microdisplay architectures, along with optical modules, eyepieces and related system components.