Kopin (NASDAQ:KOPN) Raised to Hold at StockNews.com

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

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

Kopin Price Performance

NASDAQ:KOPN opened at $0.66 on Monday. The stock has a market cap of $78.16 million, a PE ratio of -1.57 and a beta of 2.60. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.82. The stock’s 50-day moving average is $0.91 and its two-hundred day moving average is $1.06.

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 company had revenue of $12.34 million for 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 previous year, the firm posted ($0.07) earnings per share. On average, equities research analysts anticipate that Kopin will post -0.17 earnings per share for the current year.

Institutional Trading of Kopin

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in shares of Kopin by 494.4% during the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after purchasing an additional 703,740 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its holdings in Kopin by 8.5% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 678,204 shares of the company’s stock valued at $570,000 after buying an additional 53,300 shares in the last quarter. Murphy Pohlad Asset Management LLC lifted its position in shares of Kopin by 80.5% in the second quarter. Murphy Pohlad Asset Management LLC now owns 107,600 shares of the company’s stock worth $90,000 after buying an additional 48,000 shares during the last quarter. AMG National Trust Bank lifted its position in shares of Kopin by 10.5% in the second quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock worth $88,000 after buying an additional 10,000 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of Kopin by 329.4% during the 1st quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock worth $140,000 after acquiring an additional 59,770 shares in the last quarter. 30.96% of the stock is 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.