Kopin (NASDAQ:KOPN) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Kopin (NASDAQ:KOPN) from a hold rating to a sell rating in a 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 lowered shares of Kopin from a hold rating to a sell rating in a research report on Tuesday, December 3rd.

Shares of NASDAQ:KOPN opened at $0.50 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 2.74 and a debt-to-equity ratio of 0.06. Kopin has a 1 year low of $0.45 and a 1 year high of $1.75. The business has a fifty day simple moving average of $0.54 and a 200 day simple moving average of $0.89. The firm has a market cap of $42.01 million, a price-to-earnings ratio of -1.04 and a beta of 1.29.

Kopin (NASDAQ:KOPN) last issued its earnings results on Thursday, November 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $6.14 million during the quarter. Kopin had a negative net margin of 116.39% and a negative return on equity of 69.67%. During the same quarter in the prior year, the business earned ($0.12) EPS. On average, sell-side analysts forecast that Kopin will post -0.28 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in Kopin by 222.8% in the second quarter. Morgan Stanley now owns 403,824 shares of the company’s stock worth $440,000 after purchasing an additional 278,706 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Kopin by 22.9% during the 2nd 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 last quarter. Arizona State Retirement System increased its holdings in shares of Kopin by 10.4% during the 2nd quarter. Arizona State Retirement System now owns 104,408 shares of the company’s stock valued at $114,000 after acquiring an additional 9,860 shares during the last quarter. AMG National Trust Bank raised its stake in shares of Kopin by 7.7% in the 2nd quarter. AMG National Trust Bank now owns 140,000 shares of the company’s stock valued at $153,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Kopin by 9.8% in the 2nd quarter. Invesco Ltd. now owns 252,222 shares of the company’s stock valued at $275,000 after acquiring an additional 22,522 shares in the last quarter. 28.35% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: Dollar Cost Averaging

Get a free copy of the Zacks research report on Kopin (KOPN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Kopin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kopin and related companies with MarketBeat.com's FREE daily email newsletter.