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 research note released on Wednesday morning.

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

Kopin Trading Down 7.2 %

Shares of NASDAQ KOPN opened at $0.83 on Wednesday. Kopin has a 12-month low of $0.56 and a 12-month high of $2.82. The firm has a market capitalization of $100.40 million, a price-to-earnings ratio of -2.02 and a beta of 2.60. The firm has a 50 day moving average of $0.78 and a 200 day moving average of $0.84.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data 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 net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $13.32 million during the quarter, compared to the consensus estimate of $12.73 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. Sell-side analysts predict that Kopin will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOPN. Royce & Associates LP boosted its position in shares of Kopin by 485.4% during the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after acquiring an additional 5,550,000 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Kopin by 494.4% during the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after purchasing an additional 703,740 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Kopin by 303.7% in the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock worth $457,000 after purchasing an additional 471,258 shares during the last quarter. Affinity Capital Advisors LLC purchased a new stake in shares of Kopin in the third quarter worth about $54,000. Finally, Virtu Financial LLC boosted its stake in Kopin by 329.4% during the first quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock valued at $140,000 after buying an additional 59,770 shares during the last quarter. 30.96% of the stock is currently owned by institutional investors.

About Kopin

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.