Kopin (NASDAQ:KOPN) Lowered to “Sell” at StockNews.com

Kopin (NASDAQ:KOPN) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Several other brokerages also recently weighed in on KOPN. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Kopin in a report on Monday. Stifel Nicolaus dropped their price objective 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 Price Performance

Shares of KOPN opened at $0.77 on Wednesday. The company’s fifty day moving average price is $0.83 and its 200-day moving average price is $0.89. Kopin has a 1-year low of $0.56 and a 1-year high of $2.82. The firm has a market capitalization of $90.60 million, a PE ratio of -1.82 and a beta of 2.60.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $12.34 million for the quarter, compared to analysts’ expectations of $9.32 million. Kopin had a negative net margin of 114.11% and a negative return on equity of 131.82%. During the same quarter in the previous year, the firm posted ($0.07) EPS. As a group, research analysts anticipate that Kopin will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KOPN. Renaissance Technologies LLC boosted its stake in shares of Kopin by 494.4% during the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after acquiring an additional 703,740 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Kopin in the first quarter valued at approximately $67,000. EntryPoint Capital LLC acquired a new position in shares of Kopin during the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC purchased a new position in Kopin during the first quarter valued at $37,000. Finally, XTX Topco Ltd purchased a new position in Kopin in the 2nd quarter valued at about $32,000. 30.96% of the stock is owned by institutional investors and hedge funds.

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.