Kopin Corp. (KOPN) Shares Down 3.2%
Kopin Corp. (NASDAQ:KOPN) shares dropped 3.2% during trading on Tuesday . The stock traded as low as $2.39 and last traded at $2.39, with a volume of 61,388 shares trading hands. The stock had previously closed at $2.47.
Separately, Zacks Investment Research raised Kopin Corp. from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research note on Wednesday, May 11th.
The stock’s market capitalization is $153.55 million. The company’s 50-day moving average is $2.29 and its 200-day moving average is $1.96.
Kopin Corp. (NASDAQ:KOPN) last announced its earnings results on Wednesday, May 4th. The company reported ($0.11) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The company earned $6.12 million during the quarter, compared to analyst estimates of $5 million. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, analysts predict that Kopin Corp. will post ($0.36) earnings per share for the current year.
In other Kopin Corp. news, Director David Brook purchased 50,000 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were purchased at an average cost of $1.82 per share, with a total value of $91,000.00. Following the transaction, the director now directly owns 263,760 shares of the company’s stock, valued at approximately $480,043.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew Chapman purchased 19,244 shares of the business’s stock in a transaction on Friday, May 13th. The shares were acquired at an average cost of $1.67 per share, for a total transaction of $32,137.48. Following the completion of the transaction, the director now directly owns 133,244 shares in the company, valued at $222,517.48. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Kopin Corp. stock. Royce & Associates LLC raised its stake in Kopin Corp. (NASDAQ:KOPN) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. 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 about 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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