Kopin (NASDAQ:KOPN) Upgraded by ValuEngine to Buy

Kopin (NASDAQ:KOPN) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered Kopin from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $2.17.

NASDAQ:KOPN remained flat at $$1.31 during mid-day trading on Thursday. The company’s stock had a trading volume of 373,323 shares, compared to its average volume of 390,881. The business’s fifty day simple moving average is $1.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.39 and a current ratio of 3.71. Kopin has a 12-month low of $0.96 and a 12-month high of $3.06. The firm has a market capitalization of $110.21 million, a P/E ratio of -2.73 and a beta of 1.43.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Kopin had a negative return on equity of 68.84% and a negative net margin of 169.82%. The business had revenue of $5.54 million during the quarter. As a group, research analysts expect that Kopin will post -0.35 EPS for the current year.

Large investors have recently modified their holdings of the business. Weybosset Research & Management LLC purchased a new position in shares of Kopin in the 1st quarter worth about $35,000. Oppenheimer & Co. Inc. purchased a new position in shares of Kopin in the 1st quarter worth about $61,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Kopin in the 4th quarter worth about $47,000. Jane Street Group LLC purchased a new position in shares of Kopin in the 4th quarter worth about $74,000. Finally, Arizona State Retirement System raised its holdings in shares of Kopin by 10.4% in the 2nd quarter. Arizona State Retirement System now owns 104,408 shares of the company’s stock worth $114,000 after purchasing an additional 9,860 shares during the period. 41.22% of the stock is currently owned by hedge funds and other institutional investors.

About Kopin

Kopin Corporation invents, develops, manufactures, and sells various components and systems 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, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.

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