Kopin (NASDAQ:KOPN) Cut to “Sell” at Wall Street Zen

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

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

Kopin Stock Performance

Shares of KOPN opened at $2.58 on Friday. Kopin has a one year low of $0.71 and a one year high of $4.16. The stock has a market capitalization of $470.88 million, a price-to-earnings ratio of -64.50 and a beta of 2.73. The stock has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.64.

Hedge Funds Weigh In On Kopin

Hedge funds have recently bought and sold shares of the company. Herald Investment Management Ltd lifted its stake in Kopin by 30.3% during the 3rd quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock worth $4,860,000 after acquiring an additional 465,000 shares in the last quarter. Telemark Asset Management LLC lifted its stake in Kopin by 25.0% during the 3rd quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company’s stock worth $12,150,000 after acquiring an additional 1,000,000 shares in the last quarter. DNB Asset Management AS lifted its stake in Kopin by 144.1% during the 3rd quarter. DNB Asset Management AS now owns 579,945 shares of the company’s stock worth $1,409,000 after acquiring an additional 342,389 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in Kopin during the 3rd quarter worth about $729,000. Finally, Tudor Investment Corp ET AL acquired a new position in Kopin during the 3rd quarter worth about $976,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.