Kopin Corp. (KOPN) Stock Price Up 1.8%
Kopin Corp. (NASDAQ:KOPN) shares rose 1.8% during trading on Tuesday . The stock traded as high as $2.25 and last traded at $2.22, with a volume of 70,360 shares traded. The stock had previously closed at $2.18.
KOPN has been the topic of several recent research reports. Zacks Investment Research raised shares of Kopin Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Wunderlich cut shares of Kopin Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $3.00 to $2.00 in a research note on Wednesday, August 3rd.
The stock’s market cap is $146.01 million. The stock’s 50-day moving average price is $2.27 and its 200 day moving average price is $1.97.
Kopin Corp. (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. The firm earned $4.40 million during the quarter, compared to the consensus estimate of $4.70 million. During the same period in the previous year, the company posted $0.01 earnings per share. Equities analysts anticipate that Kopin Corp. will post ($0.39) EPS for the current fiscal year.
In other news, Director Andrew Chapman acquired 23,254 shares of Kopin Corp. stock in a transaction on Wednesday, May 18th. The stock was acquired at an average cost of $1.74 per share, with a total value of $40,461.96. Following the transaction, the director now owns 154,998 shares of the company’s stock, valued at approximately $269,696.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently raised its position in Kopin Corp. stock. Royce & Associates LLC increased its position in shares of Kopin Corp. (NASDAQ:KOPN) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.