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

Kopin Co. (NASDAQ:KOPN) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.10 and traded as high as $1.48. Kopin shares last traded at $1.44, with a volume of 3,598,819 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Canaccord Genuity Group boosted their target price on shares of Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Kopin in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2.63.

Kopin Stock Up 3.6 %

The stock’s 50-day moving average price is $1.51 and its 200 day moving average price is $1.10. The company has a market cap of $228.67 million, a P/E ratio of -3.51 and a beta of 2.73.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KOPN. Victory Capital Management Inc. acquired a new stake in shares of Kopin in the fourth quarter valued at about $25,000. O Connor Financial Group LLC bought a new stake in Kopin during the 4th quarter valued at approximately $28,000. One68 Global Capital LLC acquired a new stake in Kopin in the 4th quarter valued at approximately $30,000. Prudential Financial Inc. bought a new position in Kopin in the 4th quarter worth approximately $37,000. Finally, FMR LLC lifted 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 worth $42,000 after buying an additional 57,604 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.