BidaskClub Upgrades Kopin (KOPN) to “Sell”

Kopin (NASDAQ:KOPN) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Separately, Needham & Company LLC restated a “hold” rating on shares of Kopin in a research report on Thursday, November 9th.

Kopin (NASDAQ:KOPN) opened at $3.51 on Friday. Kopin has a 52 week low of $3.00 and a 52 week high of $4.60. The company has a market cap of $259.16, a PE ratio of -8.56 and a beta of 0.98.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, November 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). Kopin had a negative return on equity of 37.28% and a negative net margin of 125.76%. The business had revenue of $6.14 million for the quarter. During the same quarter in the previous year, the firm posted ($0.12) EPS.

Several large investors have recently made changes to their positions in KOPN. Arizona State Retirement System grew its position in shares of Kopin by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 31,733 shares of the company’s stock worth $118,000 after purchasing an additional 100 shares in the last quarter. Legal & General Group Plc grew its position in shares of Kopin by 10.3% during the 2nd quarter. Legal & General Group Plc now owns 108,624 shares of the company’s stock worth $403,000 after purchasing an additional 10,149 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Kopin by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 463,274 shares of the company’s stock worth $1,719,000 after purchasing an additional 1,446 shares in the last quarter. AMG National Trust Bank grew its position in shares of Kopin by 9.1% during the 2nd quarter. AMG National Trust Bank now owns 120,000 shares of the company’s stock worth $445,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Kopin by 130.5% during the 2nd quarter. Alliancebernstein L.P. now owns 67,650 shares of the company’s stock worth $251,000 after purchasing an additional 38,300 shares in the last quarter. Hedge funds and other institutional investors own 45.08% of the company’s stock.

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About Kopin

Kopin Corporation is a developer, manufacturer and seller of Wearable technologies, which include components and systems. The Company’s segments are Forth Dimension Displays Ltd. (FDD), the manufacturer of its reflective display products for test and simulation products, and Kopin, which consists of Kopin Corporation, Kowon, Kopin Software Ltd.

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