Kopin (NASDAQ:KOPN) Downgraded by StockNews.com

StockNews.com lowered shares of Kopin (NASDAQ:KOPN) from a hold rating to a sell rating in a research report released on Wednesday.

A number of other equities research analysts have also weighed in on KOPN. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Kopin in a research note on Monday, October 21st. Stifel Nicolaus decreased their target price on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research note on Friday, August 9th.

Kopin Stock Up 1.6 %

Shares of NASDAQ KOPN opened at $0.78 on Wednesday. The firm has a market cap of $94.20 million, a P/E ratio of -1.94 and a beta of 2.60. The company has a 50 day moving average of $0.83 and a 200 day moving average of $0.88. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82.

Kopin (NASDAQ:KOPN) last announced its earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $12.34 million for the quarter, compared to analysts’ expectations of $9.32 million. Kopin had a negative net margin of 114.11% and a negative return on equity of 131.82%. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. As a group, equities analysts expect that Kopin will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kopin

Hedge funds and other institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new stake in shares of Kopin in the 1st quarter worth $26,000. Staley Capital Advisers Inc. purchased a new stake in shares of Kopin in the 1st quarter worth $32,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Kopin in the 1st quarter worth $37,000. JT Stratford LLC purchased a new stake in shares of Kopin in the 1st quarter worth $37,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Kopin in the 1st quarter worth $52,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

About Kopin

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.