Kopin (NASDAQ:KOPN) Upgraded to Hold at StockNews.com

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

A number of other research analysts have also recently issued reports on KOPN. Stifel Nicolaus decreased their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research note on Friday, August 9th. Lake Street Capital started coverage on shares of Kopin in a research note on Tuesday, June 18th. They set a “buy” rating and a $2.50 target price on the stock.

Kopin Stock Performance

Shares of NASDAQ KOPN remained flat at $0.61 during midday trading on Monday. 5,882,524 shares of the stock were exchanged, compared to its average volume of 1,571,515. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82. The stock’s fifty day moving average price is $0.94 and its 200 day moving average price is $1.08. The firm has a market cap of $72.42 million, a P/E ratio of -1.46 and a beta of 2.60.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business earned ($0.07) earnings per share. Sell-side analysts anticipate that Kopin will post -0.17 earnings per share for the current year.

Institutional Trading of Kopin

Several institutional investors have recently modified their holdings of KOPN. EntryPoint Capital LLC bought a new stake in shares of Kopin in the first quarter worth $26,000. Staley Capital Advisers Inc. acquired a new position in Kopin in the first quarter valued at $32,000. XTX Topco Ltd acquired a new position in Kopin in the second quarter valued at $32,000. O Connor Financial Group LLC acquired a new position in Kopin in the first quarter valued at $36,000. Finally, Northside Capital Management LLC acquired a new position in Kopin in the first quarter valued at $36,000. Institutional investors 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.