Kopin (NASDAQ:KOPN) Upgraded at StockNews.com

StockNews.com upgraded shares of Kopin (NASDAQ:KOPN) to a sell rating in a report published on Monday morning.

Separately, HC Wainwright reissued a buy rating and set a $3.00 target price on shares of Kopin in a research report on Wednesday, May 15th.

Kopin Price Performance

KOPN stock opened at $0.82 on Monday. Kopin has a 1 year low of $0.67 and a 1 year high of $2.82. The stock has a market capitalization of $97.17 million, a PE ratio of -2.00 and a beta of 2.56. The company’s 50-day moving average is $1.33 and its 200-day moving average is $1.75.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $10.03 million during the quarter, compared to analyst estimates of $8.96 million. Kopin had a negative net margin of 125.20% and a negative return on equity of 94.96%. During the same period last year, the business posted ($0.03) EPS. On average, analysts anticipate that Kopin will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Kopin

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC purchased a new stake in shares of Kopin during the 3rd quarter valued at $48,000. Barclays PLC bought a new stake in Kopin in the third quarter worth about $93,000. Citigroup Inc. purchased a new position in Kopin in the third quarter valued at about $271,000. Silverberg Bernstein Capital Management LLC bought a new position in shares of Kopin during the 4th quarter valued at approximately $1,297,000. Finally, Weybosset Research & Management LLC increased its stake in shares of 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 purchasing an additional 36,527 shares during the last quarter. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Company Profile

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.