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

StockNews.com lowered shares of Kopin (NASDAQ:KOPN - Free Report) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, HC Wainwright reiterated a "buy" rating and set a $3.00 price objective on shares of Kopin in a research note on Wednesday, November 13th.

Kopin Stock Performance

KOPN stock traded down $0.04 on Friday, hitting $1.29. 3,600,216 shares of the company's stock were exchanged, compared to its average volume of 1,503,894. The firm has a 50 day moving average price of $0.95 and a two-hundred day moving average price of $0.90. Kopin has a 12-month low of $0.56 and a 12-month high of $2.82. The stock has a market cap of $204.85 million, a P/E ratio of -3.15 and a beta of 2.72.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Sell-side analysts expect that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Kopin

Hedge funds and other institutional investors have recently made changes to their positions in the business. AMG National Trust Bank increased its stake in shares of Kopin by 10.5% in the 2nd quarter. AMG National Trust Bank now owns 105,000 shares of the company's stock valued at $88,000 after purchasing an additional 10,000 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its stake in shares of Kopin by 26.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company's stock worth $99,000 after buying an additional 28,000 shares during the period. XTX Topco Ltd purchased a new position in shares of Kopin during the 2nd quarter valued at approximately $32,000. FMR LLC grew its stake in Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company's stock valued at $42,000 after acquiring an additional 57,604 shares during the period. Finally, Affinity Capital Advisors LLC acquired a new stake in shares of Kopin in the third quarter valued at about $54,000. Institutional investors and hedge funds own 30.96% of the company's stock.

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.