StockNews.com Downgrades Kopin (NASDAQ:KOPN) to Sell

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

KOPN has been the topic of several other reports. Stifel Nicolaus dropped their price target on shares of Kopin from $3.00 to $2.50 and set a "buy" rating on the stock in a research note on Friday, August 9th. HC Wainwright restated a "buy" rating and issued a $3.00 target price on shares of Kopin in a report on Monday.

Kopin Trading Down 3.3 %

NASDAQ:KOPN traded down $0.03 during mid-day trading on Wednesday, hitting $0.77. The stock had a trading volume of 454,983 shares, compared to its average volume of 1,519,857. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82. The stock has a 50-day simple moving average of $0.83 and a two-hundred day simple moving average of $0.89. The company has a market capitalization of $90.87 million, a PE ratio of -1.83 and a beta of 2.60.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The business had revenue of $12.34 million during the quarter, compared to analyst estimates 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 prior year, the business earned ($0.07) earnings per share. Sell-side analysts predict that Kopin will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KOPN. Staley Capital Advisers Inc. acquired a new stake in shares of Kopin during the first quarter worth about $32,000. SG Americas Securities LLC purchased a new position in shares of Kopin in the 1st quarter valued at approximately $52,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Kopin in the first quarter valued at approximately $73,000. EntryPoint Capital LLC purchased a new stake in shares of Kopin during the first quarter worth approximately $26,000. Finally, JT Stratford LLC acquired a new stake in shares of Kopin during the first quarter worth $37,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

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.