Kopin (NASDAQ:KOPN) Upgraded at StockNews.com

StockNews.com upgraded shares of Kopin (NASDAQ:KOPN) to a sell rating in a research report sent to investors on Friday morning.

Separately, HC Wainwright restated a buy rating and issued a $3.00 price objective on shares of Kopin in a research report on Thursday, March 21st.

Kopin Trading Up 2.8 %

Shares of KOPN stock opened at $0.81 on Friday. The business’s 50 day moving average is $1.86 and its two-hundred day moving average is $1.80. Kopin has a twelve month low of $0.67 and a twelve month high of $2.82. The company has a market capitalization of $95.43 million, a P/E ratio of -4.48 and a beta of 2.38.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Kopin had a negative return on equity of 55.35% and a negative net margin of 48.89%. The business had revenue of $8.58 million for the quarter, compared to analyst estimates of $9.19 million. During the same period in the prior year, the company earned ($0.07) EPS. As a group, equities analysts predict that Kopin will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kopin

Hedge funds have recently bought and sold shares of the business. Silverberg Bernstein Capital Management LLC bought a new position in Kopin during the 4th quarter worth approximately $1,297,000. Citigroup Inc. bought a new position in Kopin during the 3rd quarter worth approximately $271,000. Weybosset Research & Management LLC lifted its holdings in Kopin by 18.0% during the 4th quarter. Weybosset Research & Management LLC now owns 239,383 shares of the company’s stock worth $486,000 after buying an additional 36,527 shares during the last quarter. Barclays PLC bought a new position in Kopin during the 3rd quarter worth approximately $93,000. Finally, Jump Financial LLC bought a new position in Kopin during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.