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

Kopin (NASDAQ:KOPN - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a report issued on Friday.

Separately, Canaccord Genuity Group boosted their price objective on shares of Kopin from $2.00 to $2.50 and gave the stock a "buy" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2.56.

Kopin Price Performance

Shares of KOPN traded up $0.04 during mid-day trading on Friday, hitting $1.12. The stock had a trading volume of 1,268,099 shares, compared to its average volume of 2,411,387. The business has a fifty day moving average price of $1.19 and a 200-day moving average price of $1.18. Kopin has a 52 week low of $0.56 and a 52 week high of $2.17. The firm has a market cap of $177.06 million, a P/E ratio of -2.72 and a beta of 3.24.

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

Institutional Investors Weigh In On Kopin

Several institutional investors have recently added to or reduced their stakes in KOPN. FNY Investment Advisers LLC bought a new position in shares of Kopin during the first quarter valued at about $88,000. Silverberg Bernstein Capital Management LLC grew its position in shares of Kopin by 7.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 737,504 shares of the company's stock worth $688,000 after buying an additional 53,800 shares during the last quarter. Penbrook Management LLC increased its stake in shares of Kopin by 92.1% during the first quarter. Penbrook Management LLC now owns 93,325 shares of the company's stock valued at $87,000 after buying an additional 44,750 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Kopin during the fourth quarter valued at approximately $129,000. Finally, Two Sigma Advisers LP lifted its stake in Kopin by 107.3% in the fourth quarter. Two Sigma Advisers LP now owns 129,800 shares of the company's stock worth $177,000 after acquiring an additional 67,200 shares during the period. Hedge funds and other institutional investors own 30.96% of the company's stock.

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.