Kopin (NASDAQ:KOPN) Upgraded at Zacks Investment Research

Kopin (NASDAQ:KOPNGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Kopin Corporation is a leading developer and provider of innovative wearable technologies and solutions for integration into head-worn computing and display systems to military, industrial and consumer customers. Kopin’s technologies and solutions are available as components providing individual capabilities or as reference systems providing integrated solutions. Kopin has a long history of developing technologies required for wearable computing headsets for the military, consumers, or industry. Kopin has contributed to the development of head-mounted displays for the F-35 Joint Strike Fighter, created the Golden-i, a wearable headset reference design for industry, and collaborated on many wearable products with a range of companies including Vuzix, Motorola Solutions and Recon Instruments. Kopin has developed and commercialized game-changing technologies such as heterojunction bipolar transistors (HBT) which power billions of cellphones, and microdisplays which have brought vivid images. “

Separately, StockNews.com began coverage on Kopin in a report on Thursday, March 31st. They set a “sell” rating on the stock.

KOPN opened at $1.78 on Thursday. The stock has a 50-day moving average price of $2.26 and a 200-day moving average price of $3.57. The firm has a market cap of $163.57 million, a PE ratio of -11.87 and a beta of 2.25. Kopin has a 1 year low of $1.52 and a 1 year high of $10.13.

Kopin (NASDAQ:KOPNGet Rating) last released its quarterly earnings results on Tuesday, March 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $13.20 million for the quarter, compared to the consensus estimate of $11.50 million. Kopin had a negative net margin of 30.07% and a negative return on equity of 25.73%. During the same quarter in the prior year, the firm earned $0.02 earnings per share. As a group, equities analysts anticipate that Kopin will post -0.15 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP lifted its position in shares of Kopin by 9,403.9% during the 3rd quarter. Two Sigma Investments LP now owns 1,302,546 shares of the company’s stock valued at $6,682,000 after buying an additional 1,316,546 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Kopin by 1,164.5% during the 3rd quarter. Two Sigma Advisers LP now owns 904,113 shares of the company’s stock valued at $4,638,000 after acquiring an additional 832,613 shares during the period. State Street Corp boosted its holdings in Kopin by 12.2% during the 4th quarter. State Street Corp now owns 7,560,334 shares of the company’s stock valued at $30,922,000 after acquiring an additional 821,491 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Kopin by 55.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,216,848 shares of the company’s stock valued at $5,257,000 after acquiring an additional 434,948 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Kopin by 336.8% in the 4th quarter. Renaissance Technologies LLC now owns 222,764 shares of the company’s stock valued at $911,000 after buying an additional 171,764 shares during the period. Hedge funds and other institutional investors own 35.78% of the company’s stock.

About Kopin (Get Rating)

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, head-mounted and hand-held systems, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally.

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