Kopin (NASDAQ:KOPN) Downgraded to “Sell” Rating by StockNews.com

Kopin (NASDAQ:KOPN) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Kopin in a research note on Wednesday, November 13th.

Kopin Stock Down 3.0 %

Shares of Kopin stock opened at $1.29 on Friday. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82. The company has a market capitalization of $204.85 million, a PE ratio of -3.15 and a beta of 2.72. The stock’s fifty day moving average is $0.95 and its two-hundred day moving average is $0.90.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same quarter last year, the business posted ($0.02) EPS. As a group, research analysts anticipate that Kopin will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Kopin

A number of hedge funds and other institutional investors have recently modified their holdings of KOPN. AMG National Trust Bank raised its stake in Kopin by 10.5% in the second quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock worth $88,000 after buying an additional 10,000 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in shares of Kopin by 26.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after acquiring an additional 28,000 shares during the period. XTX Topco Ltd bought a new position in shares of Kopin in the 2nd quarter worth $32,000. FMR LLC lifted its stake in shares of Kopin by 101,059.6% during the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after purchasing an additional 57,604 shares during the last quarter. Finally, Affinity Capital Advisors LLC bought a new stake in Kopin during the third quarter valued at about $54,000. 30.96% of the stock is currently owned by 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.