Kopin (NASDAQ:KOPN) Stock Price Down 4.3% – What’s Next?

Shares of Kopin Corporation (NASDAQ:KOPN) fell 4.3% during mid-day trading on Friday . The stock traded as low as $2.81 and last traded at $2.8150. 651,211 shares were traded during trading, a decline of 75% from the average session volume of 2,618,801 shares. The stock had previously closed at $2.94.

Analyst Ratings Changes

A number of analysts have weighed in on KOPN shares. Stifel Nicolaus assumed coverage on Kopin in a report on Friday, October 17th. They set a “buy” rating and a $5.50 target price for the company. Canaccord Genuity Group boosted their price target on Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Lake Street Capital upped their price objective on Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Wall Street Zen raised Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Craig Hallum assumed coverage on shares of Kopin in a report on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.69.

Kopin Trading Down 2.9%

The company’s 50-day moving average is $2.57 and its 200 day moving average is $2.42. The stock has a market capitalization of $521.07 million, a PE ratio of -70.88 and a beta of 2.70.

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

Hedge Funds Weigh In On Kopin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after acquiring an additional 1,806,632 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Kopin in the second quarter worth about $1,834,000. Telemark Asset Management LLC lifted its holdings in shares of Kopin by 33.3% during the second quarter. Telemark Asset Management LLC now owns 4,000,000 shares of the company’s stock worth $6,120,000 after purchasing an additional 1,000,000 shares during the period. Vanguard Group Inc. boosted its position in Kopin by 11.2% in the third quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after buying an additional 945,662 shares during the last quarter. Finally, Herald Investment Management Ltd boosted its position in Kopin by 30.3% in the third quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock valued at $4,860,000 after buying an additional 465,000 shares during the last quarter. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

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.