Kopin (NASDAQ:KOPN) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of Kopin (NASDAQ:KOPN) from a hold rating to a sell rating in a report issued on Tuesday.

Separately, Canaccord Genuity Group reduced their price objective on shares of Kopin from $2.50 to $2.25 and set a “buy” rating for the company in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2.56.

Kopin Stock Performance

NASDAQ:KOPN opened at $1.47 on Tuesday. The firm has a market cap of $238.24 million, a P/E ratio of -3.59 and a beta of 3.16. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.17. The firm has a 50-day simple moving average of $1.15 and a two-hundred day simple moving average of $1.24.

Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Thursday, April 17th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $14.65 million during the quarter, compared to analyst estimates of $11.15 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period last year, the business earned ($0.04) EPS. On average, equities research analysts predict that Kopin will post -0.14 EPS for the current year.

Institutional Trading of Kopin

A number of large investors have recently made changes to their positions in KOPN. Victory Capital Management Inc. bought a new stake in shares of Kopin in the fourth quarter worth approximately $25,000. One68 Global Capital LLC purchased a new position in shares of Kopin in the fourth quarter worth approximately $30,000. Virtu Financial LLC purchased a new position in shares of Kopin in the first quarter worth approximately $36,000. Prudential Financial Inc. purchased a new position in shares of Kopin in the fourth quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Kopin by 271.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company’s stock worth $42,000 after buying an additional 22,316 shares during the last quarter. 30.96% of the stock is currently owned by 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.