Boothbay Fund Management LLC Sells 398,756 Shares of Kopin Co. (NASDAQ:KOPN)

Boothbay Fund Management LLC cut its holdings in shares of Kopin Co. (NASDAQ:KOPN - Free Report) by 90.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,832 shares of the company's stock after selling 398,756 shares during the period. Boothbay Fund Management LLC's holdings in Kopin were worth $57,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. purchased a new position in Kopin during the fourth quarter worth about $25,000. O Connor Financial Group LLC acquired a new stake in shares of Kopin during the fourth quarter worth approximately $28,000. Prudential Financial Inc. acquired a new stake in shares of Kopin during the fourth quarter worth $37,000. Tower Research Capital LLC TRC grew its position in shares of Kopin by 271.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock worth $42,000 after acquiring an additional 22,316 shares during the last quarter. Finally, Penbrook Management LLC bought a new stake in shares of Kopin during the fourth quarter valued at about $66,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Stock Performance

NASDAQ KOPN traded up $0.05 during trading hours on Wednesday, hitting $1.33. The company had a trading volume of 1,976,326 shares, compared to its average volume of 2,314,057. Kopin Co. has a 52 week low of $0.56 and a 52 week high of $2.17. The firm has a market capitalization of $214.74 million, a price-to-earnings ratio of -3.23 and a beta of 3.16. The firm has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.22.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $14.65 million for the quarter, compared to analysts' expectations of $11.15 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same period last year, the firm earned ($0.04) earnings per share. On average, research analysts forecast that Kopin Co. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research report on Monday, April 21st. StockNews.com raised Kopin from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2.56.

Kopin 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.