Kopin (NASDAQ:KOPN) Rating Lowered to Sell at StockNews.com

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

Several other research firms also recently commented on KOPN. Stifel Nicolaus reduced their price objective on Kopin from $3.00 to $2.50 and set a buy rating for the company in a report on Friday, August 9th. Lake Street Capital initiated coverage on shares of Kopin in a report on Tuesday, June 18th. They set a buy rating and a $2.50 price target on the stock.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $0.75 on Tuesday. The firm’s 50 day moving average price is $0.87 and its 200-day moving average price is $0.99. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82. The company has a market cap of $88.84 million, a PE ratio of -1.79 and a beta of 2.60.

Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business 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 last year, the company posted ($0.07) earnings per share. On average, analysts forecast that Kopin will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

Institutional investors and hedge funds have recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in Kopin during the first quarter valued at $26,000. Staley Capital Advisers Inc. bought a new stake in shares of Kopin during the 1st quarter valued at about $32,000. Northside Capital Management LLC purchased a new stake in shares of Kopin during the 1st quarter valued at about $36,000. O Connor Financial Group LLC purchased a new stake in shares of Kopin during the 1st quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Kopin in the 1st quarter worth approximately $37,000. 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.