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

Kopin (NASDAQ:KOPN) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research note issued to investors on Friday.

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Kopin in a research report on Thursday, March 21st.

Kopin Price Performance

KOPN traded down $0.03 during trading on Friday, hitting $0.78. The company’s stock had a trading volume of 3,608,507 shares, compared to its average volume of 2,135,589. The firm’s 50 day moving average price is $1.90 and its 200-day moving average price is $1.79. The stock has a market cap of $92.83 million, a PE ratio of -4.35 and a beta of 2.38. Kopin has a twelve month low of $0.67 and a twelve month high of $2.82.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Kopin had a negative net margin of 48.89% and a negative return on equity of 55.35%. The company had revenue of $8.58 million for the quarter, compared to analysts’ expectations of $9.19 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. Equities analysts anticipate that Kopin will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Kopin

A number of institutional investors have recently modified their holdings of the stock. McAdam LLC acquired a new stake in Kopin during the first quarter worth about $54,000. O Connor Financial Group LLC acquired a new stake in shares of Kopin in the first quarter valued at approximately $36,000. Northside Capital Management LLC acquired a new stake in shares of Kopin in the first quarter valued at approximately $36,000. Lokken Investment Group LLC increased its stake in shares of Kopin by 250.0% in the fourth quarter. Lokken Investment Group LLC now owns 70,000 shares of the company’s stock valued at $142,000 after purchasing an additional 50,000 shares during the period. Finally, Sound View Wealth Advisors Group LLC acquired a new stake in shares of Kopin in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.