Kopin Corporation (NASDAQ:KOPN – Get Free Report)’s share price dropped 8.6% during trading on Thursday. The stock traded as low as $4.18 and last traded at $4.1750. Approximately 1,883,902 shares were traded 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.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Stifel Nicolaus set a $6.50 target price on shares of Kopin in a research note on Friday, September 25th. Oppenheimer began coverage on shares of Kopin in a report on Thursday, September 17th. They issued an “outperform” rating and a $7.00 price objective for the company. Canaccord Genuity Group upped their price objective on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings upgraded Kopin from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Wall Street Zen upgraded Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Kopin has an average rating of “Moderate Buy” and an average price target of $7.17.
Check Out Our Latest Analysis on Kopin
Kopin Stock Up 6.2%
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Kopin in the second quarter valued at approximately $66,205,000. AWM Investment Company Inc. purchased a new stake in shares of Kopin during the second quarter worth approximately $35,948,000. Squarepoint Ops LLC raised 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 purchasing an additional 1,172,369 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Kopin in the 2nd quarter valued at $6,368,000. Finally, Silverberg Bernstein Capital Management LLC lifted its holdings in Kopin by 2.6% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,310,676 shares of the company’s stock valued at $2,949,000 after purchasing an additional 33,267 shares in the last quarter. Institutional investors and hedge funds 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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