Kopin (NASDAQ:KOPN) Raised to “Sell” at StockNews.com

Kopin (NASDAQ:KOPN) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research note issued to investors on Friday.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Kopin in a research report on Thursday, March 21st.

Kopin Price Performance

Shares of KOPN opened at $0.78 on Friday. The stock has a 50-day moving average of $1.90 and a 200-day moving average of $1.80. The company has a market cap of $92.83 million, a PE ratio of -4.35 and a beta of 2.38. Kopin has a one year low of $0.67 and a one year high of $2.82.

Kopin (NASDAQ:KOPN) last issued its earnings results on Thursday, March 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The firm had revenue of $8.58 million during the quarter, compared to analyst estimates of $9.19 million. Kopin had a negative net margin of 48.89% and a negative return on equity of 55.35%. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Analysts expect that Kopin will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several large investors have recently added to or reduced their stakes in KOPN. Weybosset Research & Management LLC lifted its position in shares of Kopin by 12.8% during the 3rd quarter. Weybosset Research & Management LLC now owns 202,856 shares of the company’s stock worth $247,000 after buying an additional 23,025 shares in the last quarter. Jump Financial LLC bought a new position in shares of Kopin during the 3rd quarter worth approximately $48,000. Barclays PLC bought a new position in shares of Kopin during the 3rd quarter worth approximately $93,000. Citigroup Inc. bought a new position in shares of Kopin during the 3rd quarter worth approximately $271,000. Finally, Silverberg Bernstein Capital Management LLC bought a new position in shares of Kopin during the 4th quarter worth approximately $1,297,000. 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.