Kopin Corp. (KOPN) Shares Up 1.8%
Kopin Corp. (NASDAQ:KOPN) shares shot up 1.8% on Tuesday . The company traded as high as $2.25 and last traded at $2.22, with a volume of 70,360 shares changing hands. The stock had previously closed at $2.18.
A number of research firms recently weighed in on KOPN. Zacks Investment Research upgraded shares of Kopin Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Wunderlich lowered shares of Kopin Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $3.00 to $2.00 in a research note on Wednesday, August 3rd.
The firm’s 50-day moving average price is $2.28 and its 200-day moving average price is $1.97. The firm’s market capitalization is $144.09 million.
Kopin Corp. (NASDAQ:KOPN) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the 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 quarter in the prior year, the company posted $0.01 EPS. Equities research analysts predict that Kopin Corp. will post ($0.39) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Kopin Corp. stock. Royce & Associates LLC boosted its stake in Kopin Corp. (NASDAQ:KOPN) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 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.
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