Kopin (NASDAQ:KOPN) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Kopin Co. (NASDAQ:KOPN) 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 traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com lowered shares of Kopin from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Kopin in a research report on Wednesday, November 13th.

Kopin Trading Down 3.0 %

The firm’s 50-day moving average price is $0.95 and its 200 day moving average price is $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) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The business had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.73 million. During the same period last year, the company posted ($0.02) earnings per share. Analysts forecast that Kopin Co. will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

Large investors have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in Kopin during the 2nd quarter valued at $32,000. FMR LLC grew its holdings in shares of Kopin by 101,059.6% during the third quarter. FMR LLC now owns 57,661 shares of the company’s stock valued at $42,000 after buying an additional 57,604 shares during the last quarter. Affinity Capital Advisors LLC bought a new stake in shares of Kopin during the third quarter worth about $54,000. AMG National Trust Bank raised its holdings 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 worth $88,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its position in 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 acquiring an additional 28,000 shares in the last quarter. 30.96% of the stock is currently owned by institutional investors.

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.