Kopin Corporation (KOPN) – What Are Researchers Thinking About This Stock?

Shares of Kopin Corporation (NASDAQ:KOPN) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.17.

Several brokerages have recently commented on KOPN. Stifel Nicolaus set a $6.50 price objective on shares of Kopin in a research report on Friday, September 25th. Oppenheimer began coverage on shares of Kopin in a research note on Thursday, September 17th. They issued 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. Weiss Ratings lowered shares of Kopin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Finally, Canaccord Genuity Group increased 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.

Kopin Stock Performance

Shares of KOPN stock opened at $3.40 on Tuesday. Kopin has a fifty-two week low of $1.81 and a fifty-two week high of $6.61. The stock has a 50 day simple moving average of $4.43 and a two-hundred day simple moving average of $3.76. The company has a market cap of $631.96 million, a P/E ratio of 85.02 and a beta of 3.59.

Institutional Trading of Kopin

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Kopin in the second quarter valued at about $66,205,000. AWM Investment Company Inc. purchased a new position in shares of Kopin during the 2nd quarter valued at $35,948,000. Squarepoint Ops LLC grew its stake in shares of Kopin by 368.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company’s stock worth $6,676,000 after acquiring an additional 1,172,369 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Kopin during the 2nd quarter worth $6,368,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Kopin in the 2nd quarter worth about $2,542,000. 30.96% of the stock is currently owned by institutional investors.

About Kopin

Kopin Corporation (NASDAQ: KOPN) develops wearable computing technologies, microdisplays and optical systems for defense, enterprise, medical and consumer applications. Its products are designed to provide users with hands-free access to information through head-worn and other compact display systems.

The company’s technologies include high-resolution liquid-crystal and OLED microdisplays, display modules, optical components and specialized software. Kopin integrates these components into systems such as head-mounted displays, helmet-mounted displays, thermal imaging and night-vision equipment, and wearable devices used in industrial, medical and other specialized environments.

Founded in 1984 and headquartered in Westborough, Massachusetts, Kopin serves customers and partners in the United States and international markets.