Kopin (NASDAQ:KOPN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Kopin Co. (NASDAQ:KOPN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.89 and traded as high as $1.42. Kopin shares last traded at $1.31, with a volume of 4,094,193 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th. HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of Kopin in a research report on Wednesday, November 13th.

Kopin Stock Performance

The business has a fifty day moving average price of $0.95 and a 200 day moving average price of $0.90. The company has a market cap of $204.85 million, a price-to-earnings ratio of -3.15 and a beta of 2.72.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period last year, the company posted ($0.02) EPS. As a group, equities analysts anticipate that Kopin Co. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in shares of Kopin during the second quarter valued at $32,000. FMR LLC raised its position in Kopin by 101,059.6% during the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after purchasing an additional 57,604 shares during the last quarter. Affinity Capital Advisors LLC acquired a new position in Kopin during the 3rd quarter worth about $54,000. AMG National Trust Bank grew its position in shares of Kopin by 10.5% in the 2nd quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock valued at $88,000 after buying an additional 10,000 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its position in shares of Kopin by 26.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after buying an additional 28,000 shares during the last quarter. Institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products 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, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.