Kopin (NASDAQ:KOPN) Upgraded at StockNews.com

StockNews.com upgraded shares of Kopin (NASDAQ:KOPN) from a sell rating to a hold rating in a report released on Monday morning.

A number of other research analysts have also commented on KOPN. Lake Street Capital initiated coverage on shares of Kopin in a research note on Tuesday, June 18th. They set a buy rating and a $2.50 price objective on the stock. Stifel Nicolaus lowered their price target on Kopin from $3.00 to $2.50 and set a buy rating on the stock in a research report on Friday, August 9th.

Kopin Price Performance

Shares of Kopin stock opened at $0.66 on Monday. Kopin has a 1-year low of $0.56 and a 1-year high of $2.82. The company has a market capitalization of $78.16 million, a P/E ratio of -1.57 and a beta of 2.60. The business’s fifty day moving average price is $0.91 and its two-hundred day moving average price is $1.06.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $12.34 million during the quarter, compared to analyst estimates of $9.32 million. Kopin had a negative return on equity of 131.82% and a negative net margin of 114.11%. During the same period in the previous year, the company earned ($0.07) EPS. On average, research analysts expect that Kopin will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently made changes to their positions in KOPN. EntryPoint Capital LLC bought a new stake in Kopin during the first quarter worth approximately $26,000. Staley Capital Advisers Inc. bought a new stake in shares of Kopin during the 1st quarter worth $32,000. XTX Topco Ltd acquired a new position in shares of Kopin in the 2nd quarter worth $32,000. O Connor Financial Group LLC acquired a new stake in shares of Kopin during the first quarter worth $36,000. Finally, Northside Capital Management LLC purchased a new stake in shares of Kopin during the first quarter valued at $36,000. 30.96% of the stock is currently owned by institutional investors.

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.