Kopin (NASDAQ:KOPN) Rating Lowered to "Sell" at Wall Street Zen

Kopin (NASDAQ:KOPN - Get Free Report) was downgraded by 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 price target 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. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $2.56.

Kopin Trading Up 4.8%

Shares of KOPN stock traded up $0.07 on Thursday, hitting $1.42. 1,161,471 shares of the stock were exchanged, compared to its average volume of 4,187,523. The firm has a market capitalization of $230.36 million, a P/E ratio of -3.45 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. The business has a 50-day moving average of $1.16 and a 200 day moving average of $1.28.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $14.65 million during 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 in the prior year, the firm posted ($0.04) earnings per share. As a group, research analysts forecast that Kopin will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Kopin

Hedge funds have recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in Kopin by 3.3% during the 1st quarter. Royce & Associates LP now owns 7,981,832 shares of the company's stock worth $7,441,000 after acquiring an additional 255,450 shares during the period. Telemark Asset Management LLC bought a new stake in shares of Kopin during the 1st quarter valued at about $2,797,000. Geode Capital Management LLC grew its stake in Kopin by 34.3% during the fourth quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company's stock worth $2,175,000 after purchasing an additional 408,396 shares during the period. Silverberg Bernstein Capital Management LLC grew its stake in Kopin by 7.9% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 737,504 shares of the company's stock worth $688,000 after purchasing an additional 53,800 shares during the period. Finally, Two Sigma Investments LP lifted its stake in Kopin by 140.9% in the fourth quarter. Two Sigma Investments LP now owns 562,037 shares of the company's stock valued at $764,000 after buying an additional 328,713 shares during the period. 30.96% of the stock is currently owned by institutional investors.

Kopin Company 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.