Kopin (NASDAQ:KOPN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Kopin (NASDAQ:KOPN) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Other research analysts have also issued reports about the stock. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Kopin in a research note on Wednesday. Stifel Nicolaus reduced their price objective on Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Kopin Stock Down 7.2 %

Shares of NASDAQ:KOPN opened at $0.83 on Wednesday. The business’s 50 day moving average price is $0.78 and its 200-day moving average price is $0.84. Kopin has a 1 year low of $0.56 and a 1 year high of $2.82.

Kopin (NASDAQ:KOPN) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. As a group, equities research analysts anticipate that Kopin will post -0.14 EPS for the current year.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently made changes to their positions in KOPN. AMG National Trust Bank lifted its holdings in Kopin by 10.5% in the second quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock valued at $88,000 after acquiring an additional 10,000 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Kopin during the 1st quarter worth $26,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Kopin during the 1st quarter worth about $37,000. JT Stratford LLC purchased a new stake in Kopin in the 1st quarter valued at about $37,000. Finally, Murphy Pohlad Asset Management LLC raised its holdings in Kopin by 26.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after buying an additional 28,000 shares during the period. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.