Kopin (NASDAQ:KOPN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Kopin Corporation (NASDAQ:KOPN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.42 and traded as high as $2.79. Kopin shares last traded at $2.64, with a volume of 2,823,155 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Canaccord Genuity Group raised their price target on Kopin from $3.00 to $3.25 and gave the company a “buy” rating in a research note on Thursday, November 13th. Stifel Nicolaus assumed coverage on shares of Kopin in a research note on Friday, October 17th. They issued a “buy” rating and a $5.50 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a report on Wednesday, October 8th. Lake Street Capital increased their price target on shares of Kopin from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Craig Hallum started coverage on shares of Kopin in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.69.

Kopin Price Performance

The stock has a market capitalization of $481.83 million, a P/E ratio of -66.00 and a beta of 2.70. The stock’s 50-day simple moving average is $2.58 and its 200 day simple moving average is $2.42.

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

Hedge Funds Weigh In On Kopin

Institutional investors and hedge funds have recently made changes to their positions in the company. PFG Investments LLC acquired a new position in shares of Kopin in the second quarter valued at about $245,000. Silverberg Bernstein Capital Management LLC boosted its holdings in Kopin by 43.7% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 1,059,709 shares of the company’s stock valued at $1,621,000 after purchasing an additional 322,205 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Kopin during the 2nd quarter worth approximately $128,000. ProShare Advisors LLC bought a new position in shares of Kopin during the second quarter worth approximately $271,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Kopin in the second quarter valued at approximately $1,834,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

About Kopin

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.