Kopin (NASDAQ:KOPN) Upgraded by StockNews.com to “Hold”

Kopin (NASDAQ:KOPNGet Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

KOPN has been the subject of a number of other research reports. Stifel Nicolaus decreased their target price on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th. Lake Street Capital initiated coverage on Kopin in a research report on Tuesday, June 18th. They set a “buy” rating and a $2.50 target price for the company.

View Our Latest Analysis on Kopin

Kopin Stock Performance

Shares of NASDAQ KOPN traded down $0.01 during trading hours on Tuesday, hitting $0.72. The stock had a trading volume of 490,103 shares, compared to its average volume of 1,544,412. The company has a market capitalization of $85.19 million, a P/E ratio of -1.71 and a beta of 2.60. The firm’s 50-day moving average price is $0.84 and its two-hundred day moving average price is $0.93. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82.

Kopin (NASDAQ:KOPNGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $12.34 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted ($0.07) EPS. As a group, analysts expect that Kopin will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. EntryPoint Capital LLC acquired a new position in shares of Kopin during the first quarter worth approximately $26,000. Staley Capital Advisers Inc. acquired a new position in shares of Kopin during the first quarter worth approximately $32,000. O Connor Financial Group LLC acquired a new position in shares of Kopin during the first quarter worth approximately $36,000. EverSource Wealth Advisors LLC acquired a new position in shares of Kopin during the first quarter worth approximately $37,000. Finally, JT Stratford LLC acquired a new position in shares of Kopin during the first quarter worth approximately $37,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

About Kopin

(Get Free Report)

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.

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