Shares of Kopin Co. (NASDAQ:KOPN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price objective of $2.20 for the company, according to Zacks. Zacks has also assigned Kopin an industry rank of 200 out of 256 based on the ratings given to related companies.
Several brokerages have weighed in on KOPN. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
NASDAQ:KOPN traded up $0.02 during trading hours on Friday, hitting $1.10. 301,800 shares of the company’s stock traded hands, compared to its average volume of 558,229. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.39 and a current ratio of 3.71. Kopin has a twelve month low of $0.96 and a twelve month high of $3.15. The stock has a fifty day moving average price of $1.16. The stock has a market cap of $92.54 million, a price-to-earnings ratio of -2.29 and a beta of 1.39.
Kopin (NASDAQ:KOPN) last issued its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Kopin had a negative return on equity of 68.84% and a negative net margin of 169.82%. The firm had revenue of $5.54 million during the quarter. As a group, research analysts predict that Kopin will post -0.35 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Round Table Services LLC lifted its position in Kopin by 2.6% in the second quarter. Round Table Services LLC now owns 395,380 shares of the company’s stock valued at $431,000 after buying an additional 10,000 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Kopin in the first quarter valued at about $61,000. Penbrook Management LLC lifted its position in Kopin by 35.6% in the first quarter. Penbrook Management LLC now owns 672,530 shares of the company’s stock valued at $901,000 after buying an additional 176,625 shares during the last quarter. Weybosset Research & Management LLC acquired a new position in Kopin in the first quarter valued at about $35,000. Finally, Jane Street Group LLC acquired a new position in Kopin in the fourth quarter valued at about $74,000. 41.25% of the stock is currently owned by institutional investors and hedge funds.
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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