BidaskClub upgraded shares of Kopin (NASDAQ:KOPN) from a strong sell rating to a sell rating in a research note published on Friday morning.

Separately, Needham & Company LLC reissued a hold rating on shares of Kopin in a research report on Thursday, November 9th.

Kopin (KOPN) traded down $0.11 during mid-day trading on Friday, reaching $3.49. The company’s stock had a trading volume of 803,690 shares, compared to its average volume of 432,114. Kopin has a twelve month low of $3.00 and a twelve month high of $4.60. The stock has a market capitalization of $262.92, a PE ratio of -8.31 and a beta of 0.98.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04). Kopin had a negative return on equity of 37.28% and a negative net margin of 125.76%. The business had revenue of $6.14 million during the quarter. During the same quarter in the prior year, the company posted ($0.12) earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. lifted its position in shares of Kopin by 1.1% during the 2nd quarter. AWM Investment Company Inc. now owns 6,675,282 shares of the company’s stock valued at $24,765,000 after buying an additional 74,248 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Kopin by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,396,076 shares of the company’s stock valued at $12,599,000 after buying an additional 234,252 shares during the last quarter. State Street Corp lifted its position in shares of Kopin by 7.0% during the 2nd quarter. State Street Corp now owns 1,446,122 shares of the company’s stock valued at $5,365,000 after buying an additional 94,289 shares during the last quarter. Northern Trust Corp lifted its position in shares of Kopin by 15.9% during the 2nd quarter. Northern Trust Corp now owns 776,790 shares of the company’s stock valued at $2,883,000 after buying an additional 106,560 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Kopin by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 463,274 shares of the company’s stock valued at $1,719,000 after buying an additional 1,446 shares during the last quarter. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

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About Kopin

Kopin Corporation is a developer, manufacturer and seller of Wearable technologies, which include components and systems. The Company’s segments are Forth Dimension Displays Ltd. (FDD), the manufacturer of its reflective display products for test and simulation products, and Kopin, which consists of Kopin Corporation, Kowon, Kopin Software Ltd.

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