Kopin (NASDAQ:KOPN) Stock Rating Lowered by StockNews.com

Kopin (NASDAQ:KOPN) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kopin in a research report on Wednesday, November 13th.

Kopin Stock Performance

Shares of KOPN opened at $1.05 on Wednesday. The firm has a market cap of $166.74 million, a PE ratio of -2.56 and a beta of 2.72. The firm’s 50 day moving average price is $0.89 and its 200 day moving average price is $0.88. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same quarter last year, the firm earned ($0.02) earnings per share. On average, sell-side analysts anticipate that Kopin will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

A number of institutional investors have recently modified their holdings of KOPN. Stifel Financial Corp grew its stake in shares of Kopin by 303.7% in the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock worth $457,000 after acquiring an additional 471,258 shares during the last quarter. FMR LLC grew its stake in shares of Kopin by 101,059.6% in the third quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after acquiring an additional 57,604 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Kopin by 19.0% in the third quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock worth $91,000 after acquiring an additional 20,000 shares during the last quarter. Royce & Associates LP grew its stake in shares of Kopin by 485.4% in the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after acquiring an additional 5,550,000 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its stake 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 during the last quarter. Institutional investors own 30.96% of the company’s stock.

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.