Wall Street Zen Downgrades Kopin (NASDAQ:KOPN) to Sell

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 note issued to investors on Thursday.

Separately, Canaccord Genuity Group decreased their target price on shares of Kopin from $2.50 to $2.25 and set a "buy" rating for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, Kopin presently has a consensus rating of "Moderate Buy" and a consensus price target of $2.56.

Kopin Trading Up 1.8%

NASDAQ:KOPN traded up $0.03 during trading hours on Thursday, hitting $1.39. 493,393 shares of the stock traded hands, compared to its average volume of 2,373,006. The firm has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.27. The firm has a market cap of $225.48 million, a price-to-earnings ratio of -3.38 and a beta of 3.16. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.17.

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

Institutional Trading of Kopin

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP raised its stake in shares of Kopin by 3.3% in the 1st quarter. Royce & Associates LP now owns 7,981,832 shares of the company's stock valued at $7,441,000 after acquiring an additional 255,450 shares in the last quarter. Telemark Asset Management LLC bought a new position in shares of Kopin in the first quarter valued at approximately $2,797,000. Geode Capital Management LLC boosted its holdings in shares of Kopin by 34.3% during the 4th quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company's stock worth $2,175,000 after buying an additional 408,396 shares during the period. Silverberg Bernstein Capital Management LLC grew its stake in Kopin by 7.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 737,504 shares of the company's stock valued at $688,000 after buying an additional 53,800 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Kopin by 140.9% in the 4th quarter. Two Sigma Investments LP now owns 562,037 shares of the company's stock worth $764,000 after acquiring an additional 328,713 shares during the period. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.