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

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

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

Kopin Trading Down 3.0 %

Shares of KOPN stock opened at $1.29 on Friday. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82. The stock has a market cap of $204.85 million, a P/E ratio of -3.15 and a beta of 2.72. The stock has a 50 day moving average of $0.95 and a 200 day moving average of $0.90.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping 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 business had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.73 million. During the same quarter last year, the company earned ($0.02) EPS. On average, research analysts predict that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KOPN. XTX Topco Ltd purchased a new stake in Kopin in the 2nd quarter worth $32,000. FMR LLC grew its position in shares of Kopin by 101,059.6% in the third quarter. FMR LLC now owns 57,661 shares of the company’s stock valued at $42,000 after purchasing an additional 57,604 shares during the period. Affinity Capital Advisors LLC purchased a new stake in shares of Kopin during the third quarter worth about $54,000. AMG National Trust Bank raised its position in shares of Kopin by 10.5% during the 2nd quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock worth $88,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its position in shares of Kopin by 26.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock worth $99,000 after purchasing an additional 28,000 shares during the last quarter. Hedge funds and other 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.