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

StockNews.com cut shares of Kopin (NASDAQ:KOPN) from a hold rating to a sell rating in a report issued on Tuesday morning.

Separately, Canaccord Genuity Group decreased their price target on Kopin from $2.50 to $2.25 and set a “buy” rating for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2.56.

Kopin Stock Performance

Shares of NASDAQ:KOPN opened at $1.52 on Tuesday. The firm has a market cap of $246.34 million, a P/E ratio of -3.71 and a beta of 3.16. Kopin has a 52-week low of $0.56 and a 52-week high of $2.17. The business’s 50 day simple moving average is $1.16 and its two-hundred day simple moving average is $1.25.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Thursday, April 17th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $14.65 million during the quarter, compared to the consensus estimate of $11.15 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, equities analysts forecast that Kopin will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new position in shares of Kopin in the fourth quarter worth $25,000. One68 Global Capital LLC bought a new position in shares of Kopin in the fourth quarter worth $30,000. Virtu Financial LLC bought a new position in shares of Kopin in the first quarter worth $36,000. Prudential Financial Inc. bought a new position in shares of Kopin in the fourth quarter worth $37,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Kopin by 271.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company’s stock worth $42,000 after acquiring an additional 22,316 shares during the period. 30.96% of the stock is 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.