Kopin (NASDAQ:KOPN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.
Several other research analysts have also recently weighed in on KOPN. Stifel Nicolaus set a $6.50 price target on shares of Kopin in a report on Friday, September 25th. Zacks Research downgraded shares of Kopin from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Weiss Ratings cut Kopin from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday. Canaccord Genuity Group boosted their price objective on Kopin from $6.50 to $7.50 and gave the stock a "buy" rating in a report on Thursday. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Kopin in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.33.
View Our Latest Stock Report on KOPN
Kopin Trading Down 4.4%
NASDAQ:KOPN opened at $3.24 on Friday. The firm's fifty day moving average price is $4.09 and its two-hundred day moving average price is $3.79. Kopin has a one year low of $1.81 and a one year high of $6.61.
Kopin (NASDAQ:KOPN - Get Free Report) last posted its earnings results on Tuesday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The company had revenue of $18.19 million for the quarter, compared to analyst estimates of $15.96 million. Kopin had a return on equity of 0.71% and a net margin of 0.93%. During the same quarter in the prior year, the business posted $0.02 EPS. On average, sell-side analysts forecast that Kopin will post -0.03 EPS for the current fiscal year.
Hedge Funds Weigh In On Kopin
A number of hedge funds have recently added to or reduced their stakes in KOPN. BlackRock Inc. acquired a new position in Kopin in the 2nd quarter valued at $66,205,000. AWM Investment Company Inc. bought a new stake in shares of Kopin during the 2nd quarter valued at $35,948,000. Royce & Associates LP grew its holdings in shares of Kopin by 0.3% during the 3rd quarter. Royce & Associates LP now owns 5,969,451 shares of the company's stock worth $27,459,000 after purchasing an additional 16,611 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Kopin by 368.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company's stock worth $6,676,000 after purchasing an additional 1,172,369 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Kopin during the 2nd quarter worth $6,368,000. Institutional investors own 30.96% of the company's stock.
About Kopin
(
Get Free Report)
Kopin Corporation develops and supplies microdisplays, optical components and wearable display systems. Its technologies include active-matrix liquid-crystal, liquid-crystal-on-silicon and OLED displays, along with related optics and electronics used to create compact, high-resolution viewing systems. The company's products serve defense, enterprise, medical and other markets. Applications include helmet-mounted displays, night-vision and thermal-imaging systems, industrial and training equipment, and medical devices.
Further Reading
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