Kopin (NASDAQ:KOPN) Stock Price Down 8.6% – What’s Next?

Kopin Corporation (NASDAQ:KOPN) traded down 8.6% on Thursday. The stock traded as low as $4.18 and last traded at $4.1750. 1,883,902 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 5,185,491 shares. The stock had previously closed at $4.57.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus set a $6.50 price target on Kopin in a report on Friday, September 25th. Canaccord Genuity Group upped their target price on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a research note on Friday, August 14th. Oppenheimer initiated coverage on shares of Kopin in a report on Thursday, September 17th. They set an “outperform” rating and a $7.00 price target for the company. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $7.17.

Kopin Price Performance

The stock has a market capitalization of $781.58 million, a price-to-earnings ratio of 105.15 and a beta of 3.59. The firm’s fifty day moving average is $4.58 and its 200-day moving average is $4.22.

Institutional Trading of Kopin

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Kopin by 30.7% in the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after acquiring an additional 3,243 shares in the last quarter. Private Advisor Group LLC bought a new stake in Kopin during the first quarter valued at $32,000. Meeder Asset Management Inc. acquired a new stake in shares of Kopin during the second quarter worth $33,000. Quantbot Technologies LP bought a new position in shares of Kopin in the 2nd quarter worth about $39,000. Finally, Allworth Financial LP bought a new stake in shares of Kopin during the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

About Kopin

Kopin Corporation (NASDAQ: KOPN) develops and supplies wearable computing technologies, including microdisplays, optical systems and related components. Its products are designed for applications that require compact, high-resolution displays and hands-free access to information.

The company’s offerings have included liquid crystal, OLED and other microdisplay technologies, as well as display modules, lenses and customized optical systems. Kopin serves defense and aerospace, industrial, medical and consumer electronics markets, with products intended for applications such as head-mounted displays, night vision, thermal imaging, training systems and wearable computing devices.

Founded in 1984, Kopin is headquartered in Westborough, Massachusetts, and sells its technologies to customers and partners in the United States and international markets.