Kopin (NASDAQ:KOPN) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Kopin (NASDAQ:KOPN) from a sell rating to a strong sell rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kopin presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.69.

Kopin Price Performance

NASDAQ:KOPN opened at $2.84 on Friday. The firm has a market cap of $520.74 million, a price-to-earnings ratio of 284.28 and a beta of 2.73. The firm’s fifty day moving average price is $2.33 and its 200 day moving average price is $2.66. Kopin has a 1-year low of $0.88 and a 1-year high of $4.16.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Monday, April 13th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Kopin had a net margin of 6.63% and a return on equity of 8.53%. The company had revenue of $8.37 million during the quarter, compared to the consensus estimate of $12.98 million. As a group, analysts expect that Kopin will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael Andrew Murray sold 187,920 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $2.80, for a total transaction of $526,176.00. Following the transaction, the chief executive officer owned 2,931,122 shares of the company’s stock, valued at $8,207,141.60. This represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kopin

Several institutional investors have recently made changes to their positions in KOPN. EWA LLC purchased a new position in shares of Kopin in the 4th quarter valued at about $25,000. Prudential Financial Inc. purchased a new stake in Kopin during the second quarter worth about $25,000. Legal & General Group Plc acquired a new position in Kopin during the second quarter worth about $25,000. Cibc World Markets Corp acquired a new position in Kopin during the fourth quarter worth about $28,000. Finally, Bravias Capital Group LLC purchased a new position in Kopin in the third quarter valued at about $32,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.