Kopin’s (KOPN) Buy Rating Reiterated at HC Wainwright

Kopin (NASDAQ:KOPN – Get Rating)‘s stock had its “buy” rating reiterated by stock analysts at HC Wainwright in a research note issued on Friday, Benzinga reports. They currently have a $6.00 target price on the stock. HC Wainwright’s price objective would suggest a potential upside of 387.80% from the stock’s previous close.

Separately, StockNews.com assumed coverage on Kopin in a research note on Wednesday, October 12th. They set a “sell” rating on the stock.

Kopin Stock Down 0.8 %

KOPN opened at $1.23 on Friday. The stock has a market cap of $117.00 million, a PE ratio of -7.24 and a beta of 2.51. Kopin has a 52 week low of $0.96 and a 52 week high of $3.38. The business’s fifty day simple moving average is $1.43 and its 200 day simple moving average is $1.34.

Kopin (NASDAQ:KOPN – Get Rating) last released its earnings results on Tuesday, November 1st. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $13.38 million for the quarter, compared to analysts’ expectations of $12.00 million. Kopin had a negative return on equity of 42.05% and a negative net margin of 30.22%. As a group, equities analysts anticipate that Kopin will post -0.16 earnings per share for the current year.

Institutional Trading of Kopin

Several large investors have recently modified their holdings of KOPN. XTX Topco Ltd purchased a new stake in Kopin in the first quarter worth about $30,000. Graham Capital Management L.P. lifted its holdings in Kopin by 37.6% in the first quarter. Graham Capital Management L.P. now owns 44,097 shares of the company’s stock worth $111,000 after buying an additional 12,059 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Kopin by 74.4% in the first quarter. BNP Paribas Arbitrage SA now owns 28,965 shares of the company’s stock worth $73,000 after buying an additional 12,360 shares during the period. Brinker Capital Investments LLC purchased a new stake in Kopin in the first quarter worth about $38,000. Finally, Rhumbline Advisers lifted its holdings in Kopin by 36.7% in the first quarter. Rhumbline Advisers now owns 75,354 shares of the company’s stock worth $191,000 after buying an additional 20,245 shares during the period. 18.01% of the stock is owned by institutional investors.

Kopin Company Profile

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Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, head-mounted and hand-held systems, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally.