Kopin (NASDAQ:KOPN) Stock Price Up 7.5%
Kopin Co. (NASDAQ:KOPN)’s stock price rose 7.5% on Wednesday . The company traded as high as $0.44 and last traded at $0.43, approximately 212,043 shares traded hands during mid-day trading. A decline of 48% from the average daily volume of 404,704 shares. The stock had previously closed at $0.40.
KOPN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Kopin from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. ValuEngine raised shares of Kopin from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd.
The stock has a market cap of $34.85 million, a PE ratio of -0.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.74 and a current ratio of 3.02. The company’s 50-day moving average price is $0.44 and its 200 day moving average price is $0.74.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FormulaFolio Investments LLC increased its position in shares of Kopin by 89.3% during the 3rd quarter. FormulaFolio Investments LLC now owns 41,827 shares of the company’s stock valued at $28,000 after purchasing an additional 19,736 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Kopin during the 2nd quarter valued at about $80,000. D. E. Shaw & Co. Inc. increased its position in shares of Kopin by 83.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 117,138 shares of the company’s stock valued at $128,000 after purchasing an additional 53,214 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Kopin during the 2nd quarter valued at about $232,000. Finally, Invesco Ltd. increased its position in shares of Kopin by 9.8% during the 2nd quarter. Invesco Ltd. now owns 252,222 shares of the company’s stock valued at $275,000 after purchasing an additional 22,522 shares during the last quarter. 28.34% of the stock is owned by hedge funds and other institutional investors.
About Kopin (NASDAQ:KOPN)
Kopin Corporation invents, develops, manufactures, and sells various components and systems in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.
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