StockNews.com Lowers Kopin (NASDAQ:KOPN) to Sell

StockNews.com lowered shares of Kopin (NASDAQ:KOPNGet Rating) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, Zacks Investment Research upgraded Kopin from a hold rating to a buy rating and set a $1.50 price target for the company in a report on Wednesday, May 11th.

Shares of NASDAQ:KOPN opened at $1.17 on Friday. Kopin has a 1 year low of $1.05 and a 1 year high of $10.13. The stock has a market capitalization of $107.54 million, a P/E ratio of -9.75 and a beta of 2.25. The stock has a 50-day simple moving average of $1.94 and a 200-day simple moving average of $3.17.

Kopin (NASDAQ:KOPNGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $11.58 million during the quarter, compared to analysts’ expectations of $12.00 million. Kopin had a negative return on equity of 25.31% and a negative net margin of 24.05%. Research analysts expect that Kopin will post -0.13 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its holdings in Kopin by 1,164.5% in the 3rd quarter. Two Sigma Advisers LP now owns 904,113 shares of the company’s stock worth $4,638,000 after acquiring an additional 832,613 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Kopin by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 152,500 shares of the company’s stock valued at $782,000 after purchasing an additional 8,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kopin by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,299,809 shares of the company’s stock valued at $6,668,000 after purchasing an additional 31,812 shares in the last quarter. Weybosset Research & Management LLC acquired a new position in shares of Kopin in the 4th quarter valued at approximately $54,000. Finally, BlackRock Inc. raised its position in shares of Kopin by 0.7% in the 3rd quarter. BlackRock Inc. now owns 4,823,516 shares of the company’s stock valued at $24,745,000 after purchasing an additional 31,988 shares in the last quarter. Hedge funds and other institutional investors own 35.78% of the company’s stock.

Kopin Company Profile (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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