Kopin (NASDAQ:KOPN) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Kopin (NASDAQ:KOPN) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4.69.

Kopin Price Performance

Shares of KOPN opened at $2.62 on Friday. The business has a 50-day simple moving average of $2.28 and a two-hundred day simple moving average of $2.64. Kopin has a 52 week low of $0.71 and a 52 week high of $4.16. The stock has a market cap of $478.18 million, a price-to-earnings ratio of -65.50 and a beta of 2.73.

Hedge Funds Weigh In On Kopin

Large investors have recently made changes to their positions in the business. EWA LLC purchased a new stake in shares of Kopin during the fourth quarter worth about $25,000. Cibc World Markets Corp purchased a new position in Kopin in the 4th quarter worth approximately $28,000. Bravias Capital Group LLC bought a new position in Kopin in the 3rd quarter worth approximately $32,000. Russell Investments Group Ltd. bought a new position in Kopin in the 3rd quarter worth approximately $33,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Kopin during the 4th quarter valued at approximately $35,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.