Shares of Kopin Co. (NASDAQ:KOPN) traded down 5.8% on Thursday . The company traded as low as $0.97 and last traded at $0.97, 550,800 shares were traded during trading. An increase of 2% from the average session volume of 541,862 shares. The stock had previously closed at $1.03.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Kopin from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a report on Friday. ValuEngine raised shares of Kopin from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a buy rating, Kopin has an average rating of “Buy” and an average target price of $1.94.
The company has a quick ratio of 3.00, a current ratio of 3.28 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $1.14 and its two-hundred day simple moving average is $1.25. The company has a market cap of $86.61 million, a price-to-earnings ratio of -2.15 and a beta of 1.43.
Institutional investors have recently made changes to their positions in the company. Weybosset Research & Management LLC increased its holdings in shares of Kopin by 43.4% in the 2nd quarter. Weybosset Research & Management LLC now owns 37,835 shares of the company’s stock valued at $41,000 after acquiring an additional 11,445 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of Kopin in the 4th quarter valued at $47,000. Oppenheimer & Co. Inc. acquired a new position in shares of Kopin in the 1st quarter valued at $61,000. Jane Street Group LLC acquired a new position in shares of Kopin in the 4th quarter valued at $74,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Kopin in the 2nd quarter valued at $80,000. 41.11% of the stock is currently owned by institutional investors and hedge funds.
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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