Kopin (NASDAQ:KOPN) upgraded at Zacks Investment Research


Kopin (NASDAQ:KOPN – Get a Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released Thursday, Zacks.com reports.

According to Zacks, “Kopin Corporation is a leading developer and provider of innovative wearable technologies and solutions for integration into head-worn computing and display systems for military, industrial and consumer customers. Kopin’s technologies and solutions are available as components providing individual capabilities or as reference systems providing integrated solutions. Kopin has a long history of developing technologies required for wearable computer headsets for the military, consumers, or industry. Kopin helped develop head-mounted displays for the F-35 Joint Strike Fighter, created the Golden-i, a wearable helmet reference design for the industry, and collaborated on numerous wearable products with a range of companies including Vuzix, Motorola Solutions and Reconnaissance Instruments. Kopin developed and commercialized breakthrough technologies such as the heterojunction bipolar transistors (HBTs) that power billions of cell phones and the microdisplays that brought vivid images. “

Separately, StockNews.com began covering Kopin in a report on Thursday, March 31. They put a “sell” mark on the stock.

KOPN opened at $1.78 on Thursday. The stock has a 50-day moving average price of $2.26 and a 200-day moving average price of $3.57. The company has a market capitalization of $163.57 million, a PE ratio of -11.87 and a beta of 2.25. Kopin has a 1-year low of $1.52 and a 1-year high of $10.13.

Kopin (NASDAQ:KOPN – Get Rating) last released its quarterly results on Tuesday, March 8. The company reported ($0.04) earnings per share (EPS) for the quarter. The company posted revenue of $13.20 million for the quarter, versus a consensus estimate of $11.50 million. Kopin had a negative net margin of 30.07% and a negative return on equity of 25.73%. In the same quarter of the previous year, the company had earned earnings per share of $0.02. As a group, equity analysts expect Kopin to post -0.15 EPS for the current fiscal year.

Institutional investors and hedge funds have recently been buying and selling shares of the company. Two Sigma Investments LP increased its position in Kopin shares by 9,403.9% during the third quarter. Two Sigma Investments LP now owns 1,302,546 shares of the company valued at $6,682,000 after purchasing an additional 1,316,546 shares last quarter. Two Sigma Advisers LP increased its stake in Kopin by 1,164.5% during the third quarter. Two Sigma Advisers LP now owns 904,113 shares of the company valued at $4,638,000 after acquiring an additional 832,613 shares during the period. State Street Corp increased its stake in Kopin by 12.2% in the fourth quarter. State Street Corp now owns 7,560,334 shares of the company valued at $30,922,000 after acquiring an additional 821,491 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Kopin by 55.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,216,848 shares of the company valued at $5,257,000 after acquiring an additional 434,948 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Kopin shares by 336.8% in the 4th quarter. Renaissance Technologies LLC now owns 222,764 shares of the company valued at $911,000 after purchasing an additional 171,764 shares during the period. Hedge funds and other institutional investors hold 35.78% of the company’s shares.

About Kopine (Get a rating)

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures and sells microdisplays, subassemblies, wearable and head-mounted systems and related components for defense, enterprise, industrial and consumer products in the United States, Asia-Pacific, Europe and internationally.

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