Kopin (NASDAQ:KOPN) Stock Rating Upgraded by StockNews.com

Kopin (NASDAQ:KOPN - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.

Separately, Canaccord Genuity Group boosted their price target on Kopin from $2.00 to $2.50 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2.56.

Kopin Stock Up 2.8 %

Shares of KOPN stock traded up $0.03 during trading hours on Friday, reaching $0.93. 2,883,862 shares of the company's stock were exchanged, compared to its average volume of 2,396,199. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.17. The stock has a market capitalization of $147.84 million, a P/E ratio of -2.27 and a beta of 3.24. The business has a fifty day moving average price of $1.22 and a 200-day moving average price of $1.18.

Kopin (NASDAQ:KOPN - Get Free Report) last released its earnings results on Thursday, April 17th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $14.65 million during the quarter, compared to analysts' expectations of $11.15 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period in the prior year, the company earned ($0.04) EPS. As a group, research analysts expect that Kopin will post -0.14 EPS for the current fiscal year.

Institutional Trading of Kopin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP grew its stake in shares of Kopin by 15.4% in the 4th quarter. Royce & Associates LP now owns 7,726,382 shares of the company's stock valued at $10,508,000 after purchasing an additional 1,033,088 shares during the period. Stifel Financial Corp raised its stake in Kopin by 303.7% during the third quarter. Stifel Financial Corp now owns 626,413 shares of the company's stock worth $457,000 after acquiring an additional 471,258 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kopin by 34.3% during the fourth quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company's stock valued at $2,175,000 after acquiring an additional 408,396 shares during the period. Two Sigma Investments LP boosted its stake in shares of Kopin by 140.9% in the 4th quarter. Two Sigma Investments LP now owns 562,037 shares of the company's stock valued at $764,000 after purchasing an additional 328,713 shares in the last quarter. Finally, 683 Capital Management LLC bought a new stake in shares of Kopin in the 4th quarter worth about $409,000. Institutional investors 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.