Kopin Corp. (NASDAQ:KOPN) traded down 0.8% during mid-day trading on Monday . The company traded as low as $2.37 and last traded at $2.44, with a volume of 55,750 shares trading hands. The stock had previously closed at $2.46.

Separately, Zacks Investment Research downgraded shares of Kopin Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday.

The stock’s 50 day moving average price is $2.23 and its 200-day moving average price is $1.97. The firm’s market cap is $156.75 million.

Kopin Corp. (NASDAQ:KOPN) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The business earned $6.12 million during the quarter, compared to analyst estimates of $5 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, analysts forecast that Kopin Corp. will post ($0.36) EPS for the current year.

In other Kopin Corp. news, Director Michael J. Landine purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was bought at an average cost of $1.78 per share, for a total transaction of $44,500.00. Following the completion of the transaction, the director now owns 120,000 shares in the company, valued at $213,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. C Fan purchased 200,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was acquired at an average price of $1.76 per share, with a total value of $352,000.00. Following the completion of the transaction, 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. Principal Financial Group Inc. raised its position in shares of Kopin Corp. (NASDAQ:KOPN) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 411,242 shares of the company’s stock after buying an additional 5,466 shares during the period. Principal Financial Group Inc. owned about 0.65% of Kopin Corp. worth $1,119,000 at the end of the most recent reporting period.

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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