Kopin Corp. (KOPN) Shares Down 4%
Kopin Corp. (NASDAQ:KOPN)’s share price dropped 4% during trading on Thursday . The company traded as low as $2.36 and last traded at $2.39, with a volume of 94,805 shares traded. The stock had previously closed at $2.49.
Separately, Zacks Investment Research raised Kopin Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th.
The firm’s market capitalization is $159.95 million. The stock’s 50 day moving average is $2.31 and its 200-day moving average is $1.96.
Kopin Corp. (NASDAQ:KOPN) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business earned $6.12 million during the quarter, compared to the consensus estimate of $5 million. During the same period last year, the company posted ($0.06) earnings per share. On average, equities research analysts expect that Kopin Corp. will post ($0.36) EPS for the current fiscal year.
In other Kopin Corp. news, Director David Brook acquired 50,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average cost of $1.82 per share, with a total value of $91,000.00. Following the transaction, the director now owns 263,760 shares of the company’s stock, valued at approximately $480,043.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. C Fan acquired 200,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $1.76 per share, for a total transaction of $352,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,634,769 shares in the company, 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 shares of 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 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 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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