Kopin Corp. (KOPN) Shares Up 5.7%
Kopin Corp. (NASDAQ:KOPN)’s share price shot up 5.7% during mid-day trading on Wednesday . The stock traded as high as $2.21 and last traded at $2.21, with a volume of 103,449 shares trading hands. The stock had previously closed at $2.09.
Several research firms have issued reports on KOPN. Zacks Investment Research upgraded shares of Kopin Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. Wunderlich downgraded shares of Kopin Corp. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $3.00 to $2.00 in a research note on Wednesday, August 3rd.
The firm’s market capitalization is $144.73 million. The firm has a 50 day moving average of $2.16 and a 200 day moving average of $2.03.
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Kopin Corp. (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Kopin Corp. had a negative net margin of 93.59% and a negative return on equity of 28.50%. The business earned $4.40 million during the quarter, compared to the consensus estimate of $4.70 million. During the same quarter in the prior year, the firm earned $0.01 EPS. Analysts expect that Kopin Corp. will post ($0.39) EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its stake in shares of Kopin Corp. by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,058,228 shares of the company’s stock worth $9,009,000 after buying an additional 16,465 shares in the last quarter. BlackRock Investment Management LLC increased its stake in shares of Kopin Corp. by 6.8% in the second quarter. BlackRock Investment Management LLC now owns 296,888 shares of the company’s stock worth $659,000 after buying an additional 19,008 shares in the last quarter. Marathon Capital Management increased its stake in shares of Kopin Corp. by 11.6% in the second quarter. Marathon Capital Management now owns 1,150,224 shares of the company’s stock worth $2,558,000 after buying an additional 119,876 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kopin Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,437,136 shares of the company’s stock worth $5,410,000 after buying an additional 45,659 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Kopin Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 441,018 shares of the company’s stock worth $979,000 after buying an additional 11,795 shares in the last quarter. 55.81% of the stock is owned by institutional investors and hedge funds.
Kopin Corp. Company Profile
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products.
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