StockNews.com Downgrades Kopin (NASDAQ:KOPN) to Sell

StockNews.com cut shares of Kopin (NASDAQ:KOPN) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, HC Wainwright reaffirmed 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 KOPN opened at $1.29 on Friday. The stock’s fifty day simple moving average is $0.95 and its 200-day simple moving average is $0.90. The firm has a market capitalization of $204.85 million, a PE ratio of -3.15 and a beta of 2.72. Kopin has a 12-month low of $0.56 and a 12-month high of $2.82.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KOPN. Royce & Associates LP boosted its position in shares of Kopin by 485.4% during the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after purchasing an additional 5,550,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in Kopin by 494.4% during the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after buying an additional 703,740 shares during the period. XTX Topco Ltd bought a new position in Kopin during the second quarter worth about $32,000. AMG National Trust Bank grew 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 valued at $88,000 after acquiring an additional 10,000 shares during the period. Finally, Murphy Pohlad Asset Management LLC increased its holdings in shares of Kopin by 26.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock worth $99,000 after acquiring an additional 28,000 shares in the last quarter. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.