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

StockNews.com lowered shares of Kopin (NASDAQ:KOPN) from a hold rating to a sell rating in a report released on Wednesday morning.

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

Kopin Stock Down 3.3 %

Shares of NASDAQ:KOPN opened at $0.77 on Wednesday. The company has a market cap of $90.87 million, a P/E ratio of -1.83 and a beta of 2.60. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82. The business has a fifty day simple moving average of $0.83 and a 200-day simple moving average of $0.89.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) EPS 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 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 period in the prior year, the firm earned ($0.07) EPS. Sell-side analysts expect that Kopin will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of Kopin by 494.4% during the second 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. Silverberg Bernstein Capital Management LLC lifted its stake in shares of Kopin by 8.5% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 678,204 shares of the company’s stock worth $570,000 after purchasing an additional 53,300 shares in the last quarter. Murphy Pohlad Asset Management LLC lifted its stake in shares of Kopin by 80.5% during the second quarter. Murphy Pohlad Asset Management LLC now owns 107,600 shares of the company’s stock worth $90,000 after purchasing an additional 48,000 shares in the last quarter. AMG National Trust Bank lifted its stake in shares of Kopin by 10.5% during the second quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock worth $88,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake in shares of Kopin by 329.4% during the first quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock worth $140,000 after purchasing an additional 59,770 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.