Kopin (NASDAQ:KOPN – Get Free Report) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a report issued on Friday.
Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Kopin in a research report on Thursday, March 21st.
Check Out Our Latest Analysis on KOPN
Kopin Stock Down 3.6 %
Kopin (NASDAQ:KOPN – Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Kopin had a negative return on equity of 55.35% and a negative net margin of 48.89%. The firm had revenue of $8.58 million for the quarter, compared to the consensus estimate of $9.19 million. During the same period last year, the company posted ($0.07) earnings per share. Research analysts anticipate that Kopin will post -0.1 EPS for the current year.
Hedge Funds Weigh In On Kopin
Large investors have recently modified their holdings of the stock. Sound View Wealth Advisors Group LLC bought a new position in shares of Kopin in the fourth quarter valued at about $32,000. Atria Wealth Solutions Inc. acquired a new position in shares of Kopin in the fourth quarter valued at about $35,000. O Connor Financial Group LLC acquired a new position in shares of Kopin in the first quarter valued at about $36,000. Northside Capital Management LLC acquired a new position in shares of Kopin in the first quarter valued at about $36,000. Finally, Jump Financial LLC acquired a new position in shares of Kopin in the third quarter valued at about $48,000. 30.96% of the stock is 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.
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