Kopin Corporation (KOPN) has joined the Russell 2000 Index and introduced new augmented reality glasses technology. The company makes optical-electron business and home use. A share of KOPN gained 5.73 % to $ 9.59 in trading on June 16. Currently, the market capitalization is $863 million.
Shares in Kopin Corporation (KOPN) closed the previous trading day at $9.07. Shares were traded at a volume of 3.78 million, which was higher than the average of 3.66 million. This stock fluctuated in price between $8.90 and $9.89 during the trading session. The company had an earnings per share ratio of -0.06. KOPN’s stock surged 90.10% in the last five trading sessions and 42.28% over the previous month, while its share price has risen 294.65% year-to-date. The stock’s 50-day moving average of $8.05 is above the 200-day moving average of $5.15. Furthermore, the stock is currently trading at an RSI of 66.88.
In the Russell 2000 index, companies with a certain capitalization are included. This index is updated annually. For example, Velodyne Lidar, Inc. (VLDR) is a new technology company incorporated in the index following its recent update. The inclusion of the company into the index fund often results in a positive boost since investors anticipate the inclusion of the stock in the index funds.
Additionally, Kopin Corporation (KOPN) announced this week that it had developed a new high-performance plastic optical system called Pancake. Virtual reality (VR), augmented reality (AR), and mixed reality (MR) glasses can all be used with it. In addition to developing a plastic lens, researchers developed a miniature high-resolution projection system which is a significant achievement. There are several benefits of plastic over glass, such as its lightweight, ease of molding, and ability to combine with strong materials. It’s the only place where such high-quality plastic lenses are available, and Kopin can benefit from it. Firstly, we are referring to the defense market, where Kopin has a strong position. Among the products provided by the company include headsets for divers, microdisplays used in night vision devices and thermal imaging, and display systems used by combat pilots.