Kopin (NASDAQ:KOPN) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Kopin (NASDAQ:KOPN) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Several other research analysts have also recently commented on KOPN. Stifel Nicolaus lowered their price target on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Kopin in a report on Wednesday.

Kopin Stock Down 7.2 %

Kopin stock opened at $0.83 on Wednesday. The stock’s fifty day simple moving average is $0.78 and its 200-day simple moving average is $0.84. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The company had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same quarter last year, the company earned ($0.02) EPS. On average, analysts predict that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Kopin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new position in shares of Kopin in the 1st quarter valued at $26,000. XTX Topco Ltd purchased a new stake in Kopin in the second quarter valued at $32,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Kopin in the 1st quarter valued at about $37,000. JT Stratford LLC acquired a new stake in shares of Kopin in the first quarter valued at approximately $37,000. Finally, FMR LLC boosted its stake in Kopin by 101,059.6% during the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after purchasing an additional 57,604 shares during the period. Institutional investors and hedge funds 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.