Kopin (NASDAQ:KOPN) Upgraded to Hold at StockNews.com

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

Other equities analysts also recently issued research reports about the stock. Lake Street Capital started coverage on shares of Kopin in a report on Tuesday, June 18th. They set a “buy” rating and a $2.50 price objective on the stock. Stifel Nicolaus cut 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 Stock Performance

Shares of Kopin stock opened at $0.60 on Monday. The company has a market capitalization of $71.03 million, a PE ratio of -1.43 and a beta of 2.60. The company has a 50-day simple moving average of $0.93 and a two-hundred day simple moving average of $1.06. Kopin has a one year low of $0.56 and a one year high of $2.82.

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

Hedge Funds Weigh In On Kopin

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its position in Kopin by 494.4% in the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after purchasing an additional 703,740 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Kopin by 329.4% during the 1st quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock valued at $140,000 after buying an additional 59,770 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its position in shares of Kopin by 8.5% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 678,204 shares of the company’s stock valued at $570,000 after buying an additional 53,300 shares in the last quarter. Lokken Investment Group LLC lifted its position in shares of Kopin by 250.0% during the 4th quarter. Lokken Investment Group LLC now owns 70,000 shares of the company’s stock valued at $142,000 after buying an additional 50,000 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its position in shares of Kopin by 80.5% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 107,600 shares of the company’s stock valued at $90,000 after buying an additional 48,000 shares in the last quarter. 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.