Kopin (NASDAQ:KOPN) Downgraded to “Sell” Rating by Wall Street Zen

Kopin (NASDAQ:KOPN) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.69.

Kopin Stock Performance

Shares of KOPN opened at $2.62 on Friday. The business’s 50-day moving average is $2.28 and its two-hundred day moving average is $2.64. The company has a market capitalization of $478.18 million, a P/E ratio of -65.50 and a beta of 2.73. Kopin has a fifty-two week low of $0.71 and a fifty-two week high of $4.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Kopin by 224.0% in the fourth quarter. State Street Corp now owns 11,119,885 shares of the company’s stock worth $26,021,000 after acquiring an additional 7,687,358 shares during the period. Telemark Asset Management LLC grew its position in shares of Kopin by 40.0% during the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock valued at $16,380,000 after acquiring an additional 2,000,000 shares during the period. Geode Capital Management LLC grew its position in shares of Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after acquiring an additional 1,806,632 shares during the period. CenterBook Partners LP purchased a new position in shares of Kopin in the 4th quarter valued at about $2,925,000. Finally, Vanguard Group Inc. increased its stake in shares of Kopin by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after purchasing an additional 945,662 shares in the last quarter. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.