Kopin (KOPN) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Kopin (NASDAQ:KOPN) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.

Separately, Needham & Company LLC reiterated a hold rating on shares of Kopin in a research note on Thursday, November 9th.

Shares of Kopin (NASDAQ:KOPN) traded down $0.15 on Friday, hitting $3.34. 310,901 shares of the stock traded hands, compared to its average volume of 737,360. Kopin has a twelve month low of $3.00 and a twelve month high of $4.60. The firm has a market capitalization of $250.12, a P/E ratio of -7.94 and a beta of 0.98.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, November 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). Kopin had a negative return on equity of 37.28% and a negative net margin of 125.76%. The business had revenue of $6.14 million for the quarter. During the same period last year, the business earned ($0.12) EPS.

Several institutional investors and hedge funds have recently made changes to their positions in KOPN. Vanguard Group Inc. lifted its position in Kopin by 7.4% in the second quarter. Vanguard Group Inc. now owns 3,396,076 shares of the company’s stock valued at $12,599,000 after purchasing an additional 234,252 shares during the period. Northern Trust Corp lifted its position in Kopin by 15.9% in the second quarter. Northern Trust Corp now owns 776,790 shares of the company’s stock valued at $2,883,000 after purchasing an additional 106,560 shares during the period. State Street Corp lifted its position in Kopin by 7.0% in the second quarter. State Street Corp now owns 1,446,122 shares of the company’s stock valued at $5,365,000 after purchasing an additional 94,289 shares during the period. Rockefeller Financial Services Inc. acquired a new stake in Kopin in the third quarter valued at about $320,000. Finally, AWM Investment Company Inc. lifted its position in Kopin by 1.1% in the second quarter. AWM Investment Company Inc. now owns 6,675,282 shares of the company’s stock valued at $24,765,000 after purchasing an additional 74,248 shares during the period. Institutional investors and hedge funds own 45.08% of the company’s stock.

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Kopin Company Profile

Kopin Corporation is a developer, manufacturer and seller of Wearable technologies, which include components and systems. The Company’s segments are Forth Dimension Displays Ltd. (FDD), the manufacturer of its reflective display products for test and simulation products, and Kopin, which consists of Kopin Corporation, Kowon, Kopin Software Ltd.

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