Kopin (NASDAQ:KOPN) Stock Rating Lowered by Zacks Investment Research

Kopin (NASDAQ:KOPN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, 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 to 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 computing headsets for the military, consumers, or industry. Kopin has contributed to the development of head-mounted displays for the F-35 Joint Strike Fighter, created the Golden-i, a wearable headset reference design for industry, and collaborated on many wearable products with a range of companies including Vuzix, Motorola Solutions and Recon Instruments. Kopin has developed and commercialized game-changing technologies such as heterojunction bipolar transistors (HBT) which power billions of cellphones, and microdisplays which have brought vivid images. “

Separately, ValuEngine cut Kopin from a “hold” rating to a “sell” rating in a report on Tuesday.

Kopin stock opened at $0.48 on Wednesday. The firm has a market capitalization of $40.51 million, a P/E ratio of -1.00 and a beta of 1.29. Kopin has a 52 week low of $0.45 and a 52 week high of $1.75. The company has a current ratio of 3.02, a quick ratio of 2.74 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $0.54 and a 200 day moving average price of $0.90.

Kopin (NASDAQ:KOPN) last issued its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). The firm had revenue of $6.14 million for the quarter. Kopin had a negative return on equity of 69.67% and a negative net margin of 116.39%. During the same period in the prior year, the firm earned ($0.12) EPS. As a group, equities analysts predict that Kopin will post -0.28 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its stake in Kopin by 12,304.5% in the 3rd quarter. Millennium Management LLC now owns 3,377,883 shares of the company’s stock valued at $2,291,000 after buying an additional 3,350,652 shares during the last quarter. Vanguard Group Inc. increased its stake in Kopin by 22.9% during the second quarter. Vanguard Group Inc. now owns 3,312,182 shares of the company’s stock valued at $3,610,000 after acquiring an additional 617,667 shares during the period. Morgan Stanley increased its stake in Kopin by 222.8% during the second quarter. Morgan Stanley now owns 403,824 shares of the company’s stock valued at $440,000 after acquiring an additional 278,706 shares during the period. Paloma Partners Management Co bought a new stake in shares of Kopin in the 2nd quarter worth approximately $280,000. Finally, Jane Street Group LLC bought a new stake in shares of Kopin in the 2nd quarter worth approximately $232,000. Institutional investors and hedge funds own 28.35% of the company’s stock.

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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