Kopin Corp. (KOPN) Trading Down 2.7%
Kopin Corp. (NASDAQ:KOPN) shares were down 2.7% on Friday . The company traded as low as $2.20 and last traded at $2.20, with a volume of 99,236 shares trading hands. The stock had previously closed at $2.26.
KOPN has been the topic of a number of research analyst reports. Zacks Investment Research raised Kopin Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Wunderlich cut Kopin Corp. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $3.00 to $2.00 in a report on Wednesday, August 3rd.
The firm’s market cap is $142.81 million. The company has a 50-day moving average price of $2.27 and a 200-day moving average price of $1.99.
Kopin Corp. (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. During the same quarter last year, the business posted $0.01 earnings per share. The business earned $4.40 million during the quarter, compared to analysts’ expectations of $4.70 million. Equities analysts anticipate that Kopin Corp. will post ($0.39) earnings per share for the current year.
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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