Kopin Corporation (NASDAQ:KOPN – Get Free Report)’s stock price was down 7.5% during mid-day trading on Friday. The stock traded as low as $3.54 and last traded at $3.5250. Approximately 1,233,912 shares changed hands during trading, a decline of 76% from the average daily volume of 5,133,408 shares. The stock had previously closed at $3.81.
Wall Street Analyst Weigh In
KOPN has been the subject of several research reports. Canaccord Genuity Group increased 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. Wall Street Zen upgraded Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded Kopin from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Stifel Nicolaus set a $6.50 price target on Kopin in a report on Friday, September 25th. Finally, Oppenheimer started coverage on Kopin in a report on Thursday, September 17th. They issued an “outperform” rating and a $7.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.17.
Check Out Our Latest Research Report on KOPN
Kopin Trading Down 12.2%
The business’s fifty day moving average price is $4.62 and its 200 day moving average price is $4.31. The company has a market capitalization of $621.75 million, a P/E ratio of 83.65 and a beta of 3.59.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOPN. BlackRock Inc. bought a new stake in shares of Kopin in the 2nd quarter valued at approximately $66,205,000. Focused Wealth Management Inc bought a new position in shares of Kopin during the 2nd quarter worth approximately $1,026,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Kopin in the 2nd quarter valued at $2,542,000. Bank of America Corp DE acquired a new stake in Kopin in the 2nd quarter valued at $1,717,000. Finally, Squarepoint Ops LLC boosted its stake in Kopin by 368.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company’s stock valued at $6,676,000 after buying an additional 1,172,369 shares in the last quarter. Institutional investors own 30.96% of the company’s stock.
Kopin Company Profile
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.
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