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Kopin (NASDAQ:KOPN) Rating Increased to Hold at Wall Street Zen

Kopin logo with Computer and Technology background

Kopin (NASDAQ:KOPN - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Separately, Canaccord Genuity Group dropped their price objective on shares of Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research note on Monday, April 21st.

Get Our Latest Stock Analysis on KOPN

Kopin Price Performance

Shares of NASDAQ:KOPN traded up $0.05 during trading on Friday, hitting $1.63. 1,902,402 shares of the company's stock were exchanged, compared to its average volume of 2,490,984. The business's 50-day simple moving average is $1.36 and its 200 day simple moving average is $1.35. Kopin has a 52-week low of $0.56 and a 52-week high of $2.17. The company has a market cap of $265.36 million, a price-to-earnings ratio of -14.82 and a beta of 2.85.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). Kopin had a negative return on equity of 87.81% and a negative net margin of 28.70%. The company had revenue of $14.65 million during the quarter, compared to the consensus estimate of $11.15 million. During the same period last year, the company earned ($0.04) earnings per share. On average, sell-side analysts anticipate that Kopin will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Kopin

Several hedge funds and other institutional investors have recently made changes to their positions in KOPN. Concurrent Investment Advisors LLC purchased a new stake in shares of Kopin in the 4th quarter valued at approximately $70,000. SBI Securities Co. Ltd. acquired a new stake in shares of Kopin during the 4th quarter worth about $69,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Kopin during the 4th quarter worth approximately $171,000. Victory Capital Management Inc. acquired a new position in Kopin in the fourth quarter valued at $25,000. Finally, Royce & Associates LP grew its stake in Kopin by 15.4% during the 4th quarter. Royce & Associates LP now owns 7,726,382 shares of the company's stock worth $10,508,000 after buying an additional 1,033,088 shares during the last quarter. Institutional investors and hedge funds own 30.96% of the company's stock.

Kopin Company Profile

(Get Free Report)

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.

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