Kopin (NASDAQ:KOPN) Stock Rating Upgraded by StockNews.com

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

Several other equities analysts have also commented on KOPN. Stifel Nicolaus decreased their price target on Kopin from $3.00 to $2.50 and set a buy rating on the stock in a research note on Friday, August 9th. Lake Street Capital started coverage on Kopin in a research note on Tuesday, June 18th. They issued a buy rating and a $2.50 price target on the stock.

Kopin Stock Down 0.8 %

Shares of NASDAQ:KOPN opened at $0.72 on Tuesday. The business has a fifty day moving average of $0.84 and a two-hundred day moving average of $0.93. The stock has a market cap of $85.19 million, a P/E ratio of -1.71 and a beta of 2.60. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82.

Kopin (NASDAQ:KOPN) last issued its earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company 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 quarter in the previous year, the company earned ($0.07) earnings per share. On average, equities analysts anticipate that Kopin will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On Kopin

Several hedge funds have recently bought and sold shares of KOPN. EntryPoint Capital LLC acquired a new position in Kopin during the 1st quarter worth about $26,000. XTX Topco Ltd purchased a new stake in Kopin during the 2nd quarter worth about $32,000. Staley Capital Advisers Inc. purchased a new stake in Kopin during the 1st quarter worth about $32,000. O Connor Financial Group LLC purchased a new stake in Kopin during the 1st quarter worth about $36,000. Finally, JT Stratford LLC purchased a new stake in Kopin during the 1st quarter worth about $37,000. 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.