Separately, Zacks Investment Research upgraded Kopin from a hold rating to a buy rating and set a $1.50 price target for the company in a report on Wednesday, May 11th.
Shares of NASDAQ:KOPN opened at $1.17 on Friday. Kopin has a 1 year low of $1.05 and a 1 year high of $10.13. The stock has a market capitalization of $107.54 million, a P/E ratio of -9.75 and a beta of 2.25. The stock has a 50-day simple moving average of $1.94 and a 200-day simple moving average of $3.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its holdings in Kopin by 1,164.5% in the 3rd quarter. Two Sigma Advisers LP now owns 904,113 shares of the company’s stock worth $4,638,000 after acquiring an additional 832,613 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Kopin by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 152,500 shares of the company’s stock valued at $782,000 after purchasing an additional 8,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kopin by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,299,809 shares of the company’s stock valued at $6,668,000 after purchasing an additional 31,812 shares in the last quarter. Weybosset Research & Management LLC acquired a new position in shares of Kopin in the 4th quarter valued at approximately $54,000. Finally, BlackRock Inc. raised its position in shares of Kopin by 0.7% in the 3rd quarter. BlackRock Inc. now owns 4,823,516 shares of the company’s stock valued at $24,745,000 after purchasing an additional 31,988 shares in the last quarter. Hedge funds and other institutional investors own 35.78% of the company’s stock.
Kopin Company Profile (Get Rating)
Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, head-mounted and hand-held systems, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally.
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