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

Kopin (NASDAQ:KOPNGet Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of Kopin in a report on Friday, August 11th.

Check Out Our Latest Stock Report on Kopin

Kopin Trading Up 5.5 %

Shares of KOPN stock opened at $1.54 on Monday. The company’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.56. Kopin has a 52 week low of $0.94 and a 52 week high of $2.50. The company has a market cap of $176.01 million, a PE ratio of -8.21 and a beta of 2.47.

Kopin (NASDAQ:KOPNGet Free Report) last released its quarterly earnings data on Thursday, November 9th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Kopin had a negative return on equity of 56.61% and a negative net margin of 44.13%. The company had revenue of $10.60 million for the quarter, compared to analyst estimates of $9.82 million. During the same period last year, the company posted ($0.05) earnings per share. Equities research analysts expect that Kopin will post -0.16 EPS for the current fiscal year.

Institutional Trading of Kopin

Several large investors have recently modified their holdings of KOPN. JPMorgan Chase & Co. boosted its holdings in Kopin by 220.6% in the second quarter. JPMorgan Chase & Co. now owns 14,073 shares of the company’s stock valued at $30,000 after purchasing an additional 9,683 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Kopin by 70.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 26,766 shares of the company’s stock valued at $33,000 after buying an additional 11,053 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Kopin during the first quarter worth approximately $30,000. J.W. Cole Advisors Inc. bought a new stake in shares of Kopin in the second quarter worth $26,000. Finally, Graham Capital Management L.P. raised its holdings in Kopin by 37.6% in the first quarter. Graham Capital Management L.P. now owns 44,097 shares of the company’s stock valued at $111,000 after acquiring an additional 12,059 shares in the last quarter. 27.84% of the stock is currently owned by institutional investors and hedge funds.

About Kopin

(Get Free Report)

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 systems.

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