Kopin Corp. (KOPN) Sees Large Volume Increase
Shares of Kopin Corp. (NASDAQ:KOPN) saw strong trading volume on Wednesday . 668,681 shares traded hands during mid-day trading, an increase of 167% from the previous session’s volume of 250,432 shares.The stock last traded at $2.16 and had previously closed at $2.23.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Kopin Corp. from a “sell” rating to a “hold” rating in a research note on Monday. Wunderlich downgraded Kopin Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $3.00 to $2.00 in a research note on Wednesday, August 3rd.
The firm’s market capitalization is $138.32 million. The firm has a 50-day moving average of $2.26 and a 200-day moving average of $2.00.
Kopin Corp. (NASDAQ:KOPN) last announced its quarterly earnings data 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. During the same quarter in the previous year, the business earned $0.01 earnings per share. The firm earned $4.40 million during the quarter, compared to analysts’ expectations of $4.70 million. Analysts anticipate that Kopin Corp. will post ($0.39) earnings per share for the current fiscal 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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