Kopin Corp. (KOPN) Stock Price Up 5.8%
Shares of Kopin Corp. (NASDAQ:KOPN) rose 5.8% during trading on Thursday . The stock traded as high as $2.48 and last traded at $2.39, with a volume of 266,696 shares. The stock had previously closed at $2.26.
KOPN has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Kopin Corp. in a report on Friday, March 11th. Zacks Investment Research raised shares of Kopin Corp. from a “hold” rating to a “buy” rating and set a $1.75 target price for the company in a report on Wednesday, May 11th.
The firm’s market capitalization is $157.39 million. The firm has a 50 day moving average of $2.21 and a 200 day moving average of $1.98.
Kopin Corp. (NASDAQ:KOPN) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). During the same quarter in the previous year, the company posted ($0.06) EPS. The business had revenue of $6.12 million for the quarter, compared to analyst estimates of $5 million. On average, equities analysts expect that Kopin Corp. will post ($0.36) earnings per share for the current fiscal year.
In other Kopin Corp. news, Director David Brook acquired 50,000 shares of the stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $1.82 per share, for a total transaction of $91,000.00. Following the completion of the acquisition, the director now owns 263,760 shares in the company, valued at approximately $480,043.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John C. C Fan acquired 200,000 shares of the stock in a transaction on Thursday, May 12th. The shares were acquired at an average price of $1.76 per share, for a total transaction of $352,000.00. Following the acquisition, the chief executive officer now owns 3,634,769 shares of the company’s stock, valued at approximately $6,397,193.44. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Kopin Corp. stock. Royce & Associates LLC raised its stake in Kopin Corp. (NASDAQ:KOPN) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,066,426 shares of the company’s stock after buying an additional 55,448 shares during the period. Royce & Associates LLC owned approximately 3.25% of Kopin Corp. worth $5,621,000 as of its most recent filing with the SEC.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and concept systems. The Company operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD segment is the manufacturer of its reflective display products for test and simulation products.
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