Kopin Corp. (NASDAQ:KOPN) Given Average Rating of “Hold” by Brokerages
Shares of Kopin Corp. (NASDAQ:KOPN) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Kopin Corp.’s rating score has declined by 200% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus target price of $2.00 for the company and are predicting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also given Kopin Corp. an industry rank of 49 out of 265 based on the ratings given to related companies.
A number of brokerages have recently commented on KOPN. Zacks Investment Research lowered shares of Kopin Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 7th. Wunderlich lowered shares of Kopin Corp. from a “buy” rating to a “hold” rating and cut their price objective for the company from $3.00 to $2.00 in a research report on Wednesday, August 3rd.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. raised its position in shares of Kopin Corp. by 1.8% in the second quarter. Prudential Financial Inc. now owns 147,612 shares of the company’s stock worth $328,000 after buying an additional 2,680 shares in the last quarter. Teton Advisors Inc. raised its position in Kopin Corp. by 2.7% in the second quarter. Teton Advisors Inc. now owns 190,000 shares of the company’s stock valued at $422,000 after buying an additional 5,000 shares during the period. Cowen Prime Services LLC raised its position in Kopin Corp. by 7.1% in the second quarter. Cowen Prime Services LLC now owns 118,451 shares of the company’s stock valued at $263,000 after buying an additional 7,825 shares during the period. Principal Financial Group Inc. raised its position in Kopin Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 441,018 shares of the company’s stock valued at $979,000 after buying an additional 11,795 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Kopin Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 299,629 shares of the company’s stock valued at $665,000 after buying an additional 12,010 shares during the period. 54.09% of the stock is owned by institutional investors and hedge funds.
Shares of Kopin Corp. (NASDAQ:KOPN) traded down 1.37% during trading on Friday, hitting $2.16. The stock had a trading volume of 33,399 shares. The stock’s 50-day moving average price is $2.18 and its 200 day moving average price is $2.06. The stock’s market cap is $138.32 million. Kopin Corp. has a one year low of $1.57 and a one year high of $3.18.
Kopin Corp. (NASDAQ:KOPN) last released its earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. The firm earned $4.40 million during the quarter, compared to analyst estimates of $4.70 million. Kopin Corp. had a negative net margin of 93.59% and a negative return on equity of 28.50%. During the same quarter in the previous year, the business earned $0.01 EPS. On average, equities analysts forecast that Kopin Corp. will post ($0.39) EPS for the current year.
Kopin Corp. Company Profile
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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