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

StockNews.com upgraded shares of Kopin (NASDAQ:KOPN) to a sell rating in a research note issued to investors on Friday.

Separately, HC Wainwright restated a buy rating and set a $3.00 price target on shares of Kopin in a research note on Thursday, March 21st.

Kopin Price Performance

Shares of NASDAQ:KOPN opened at $0.78 on Friday. Kopin has a fifty-two week low of $0.67 and a fifty-two week high of $2.82. The business has a 50-day simple moving average of $1.90 and a two-hundred day simple moving average of $1.79.

Kopin (NASDAQ:KOPN) last issued its earnings results on Thursday, March 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Kopin had a negative return on equity of 55.35% and a negative net margin of 48.89%. The business had revenue of $8.58 million during the quarter, compared to analysts’ expectations of $9.19 million. During the same period last year, the firm posted ($0.07) EPS. Research analysts expect that Kopin will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kopin

A number of large investors have recently made changes to their positions in KOPN. Weybosset Research & Management LLC grew its stake in shares of Kopin by 12.8% during the 3rd quarter. Weybosset Research & Management LLC now owns 202,856 shares of the company’s stock valued at $247,000 after acquiring an additional 23,025 shares during the period. Jump Financial LLC bought a new position in shares of Kopin during the 3rd quarter valued at approximately $48,000. Barclays PLC bought a new position in shares of Kopin during the 3rd quarter valued at approximately $93,000. Citigroup Inc. bought a new position in shares of Kopin during the 3rd quarter valued at approximately $271,000. Finally, Silverberg Bernstein Capital Management LLC bought a new position in shares of Kopin during the 4th quarter valued at approximately $1,297,000. 30.96% of the stock is currently owned by institutional investors.

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.