Kopin Corp. (KOPN) Stock Rating Upgraded by Zacks Investment Research
Kopin Corp. (NASDAQ:KOPN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Kopin Corp. is a manufacturer of gallium arsenide transistor products and miniature flat panel displays for wireless communications and portable consumer electronics. The company’s gallium arsenide heterojunction bipolar transistors are used to produce power amplifier circuits for wireless telephone handsets and gigabit circuits for fiber-optic and Internet data transmission. Kopin’s CyberDisplay family of ultra-small, high density imaging devices is designed for portable products including camcorders, digital cameras and wireless handsets. (PRESS RELEASE) “
Separately, Wunderlich downgraded Kopin Corp. from a “buy” rating to a “hold” rating and lowered their price target for the company from $3.00 to $2.00 in a research report on Wednesday, August 3rd.
Shares of Kopin Corp. (NASDAQ:KOPN) opened at 2.19 on Wednesday. The firm’s 50-day moving average price is $2.18 and its 200 day moving average price is $2.08. Kopin Corp. has a 52 week low of $1.57 and a 52 week high of $3.18. The firm’s market capitalization is $140.25 million.
Kopin Corp. (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. The company had revenue of $4.40 million for the quarter, compared to the consensus estimate of $4.70 million. Kopin Corp. had a negative return on equity of 28.50% and a negative net margin of 93.59%. During the same period last year, the business posted $0.01 earnings per share. On average, analysts anticipate that Kopin Corp. will post ($0.39) EPS for the current year.
Several hedge funds have recently modified their holdings of KOPN. BlackRock Fund Advisors raised its position in shares of Kopin Corp. by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,058,228 shares of the company’s stock valued at $9,009,000 after buying an additional 16,465 shares during the period. Vanguard Group Inc. raised its position in shares of Kopin Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,437,136 shares of the company’s stock valued at $5,410,000 after buying an additional 45,659 shares during the period. Royce & Associates LP raised its position in shares of Kopin Corp. by 0.9% in the first quarter. Royce & Associates LP now owns 2,084,926 shares of the company’s stock valued at $3,461,000 after buying an additional 18,500 shares during the period. State Street Corp raised its position in shares of Kopin Corp. by 1.4% in the first quarter. State Street Corp now owns 1,230,398 shares of the company’s stock valued at $2,040,000 after buying an additional 17,174 shares during the period. Finally, Marathon Capital Management raised its position in shares of Kopin Corp. by 11.6% in the second quarter. Marathon Capital Management now owns 1,150,224 shares of the company’s stock valued at $2,558,000 after buying an additional 119,876 shares during the period. Institutional investors own 54.09% of the company’s stock.
About Kopin Corp.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products.
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