1 week Ago By Defense World Staff
Prudential Financial Inc. acquired a new position in Kopin Co. (NASDAQ:KOPN – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor acquired 26,950 shares of the company’s stock, valued at approximately $37,000. Several other hedge funds have also modified their holdings of KOPN. Murphy Pohlad Asset Management LLC raised its holdings in Kopin by 13.
0% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company’s stock worth $208,000 after purchasing an additional 17,600 shares during the period. Victory Capital Management Inc.
purchased a new stake in shares of Kopin in the fourth quarter valued at approximately $25,000. O Connor Financial Group LLC acquired a new position in shares of Kopin during the 4th quarter worth approximately $28,000. Penbrook Management LLC purchased a new position in shares of Kopin during the 4th quarter valued at approximately $66,000.
Finally, SBI Securities Co. Ltd. purchased a new position in shares of Kopin during the 4th quarter valued at approximately $69,000.
30.96% of the stock is owned by hedge funds and other institutional investors. Kopin Stock PerformanceShares of KOPN stock opened at $0.
86 on Friday. Kopin Co. has a fifty-two week low of $0.
56 and a fifty-two week high of $2.17. The stock’s fifty day moving average is $1.
32 and its two-hundred day moving average is $1.17. The firm has a market capitalization of $137.
12 million, a P/E ratio of -2.11 and a beta of 3.24.
Analyst Ratings ChangesA number of research firms have weighed in on KOPN. Canaccord Genuity Group upped their price objective on shares of Kopin from $2.00 to $2.
50 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st.
One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2.
63.Get Our Latest Stock Analysis on KopinAbout Kopin (Free Report)Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products 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, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.
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