Kopin (NASDAQ:KOPN) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Kopin (NASDAQ:KOPN) from a hold rating to a sell rating in a research note released on Tuesday morning.

Separately, Canaccord Genuity Group lowered their target price on shares of Kopin from $2.50 to $2.25 and set a “buy” rating on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, Kopin presently has a consensus rating of “Moderate Buy” and an average price target of $2.56.

Kopin Price Performance

Shares of NASDAQ:KOPN opened at $1.47 on Tuesday. Kopin has a 1-year low of $0.56 and a 1-year high of $2.17. The company has a market capitalization of $238.24 million, a P/E ratio of -3.59 and a beta of 3.16. The firm’s 50 day simple moving average is $1.15 and its two-hundred day simple moving average is $1.24.

Kopin (NASDAQ:KOPN) last released its earnings results on Thursday, April 17th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $14.65 million for the quarter, compared to the consensus estimate of $11.15 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. On average, sell-side analysts anticipate that Kopin will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several hedge funds have recently modified their holdings of KOPN. Telemark Asset Management LLC purchased a new position in shares of Kopin in the first quarter worth $2,797,000. Royce & Associates LP raised its stake in Kopin by 15.4% during the fourth quarter. Royce & Associates LP now owns 7,726,382 shares of the company’s stock valued at $10,508,000 after purchasing an additional 1,033,088 shares in the last quarter. Geode Capital Management LLC raised its stake in Kopin by 34.3% during the fourth quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company’s stock valued at $2,175,000 after purchasing an additional 408,396 shares in the last quarter. Two Sigma Investments LP raised its stake in Kopin by 140.9% during the fourth quarter. Two Sigma Investments LP now owns 562,037 shares of the company’s stock valued at $764,000 after purchasing an additional 328,713 shares in the last quarter. Finally, 683 Capital Management LLC purchased a new stake in Kopin during the fourth quarter valued at $409,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

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.