Kopin Corp. (KOPN) Trading Up 5.8%
Kopin Corp. (NASDAQ:KOPN) was up 5.8% on Thursday . The company traded as high as $2.48 and last traded at $2.39, with a volume of 266,696 shares. The stock had previously closed at $2.26.
A number of equities research analysts have weighed in on KOPN shares. Needham & Company LLC reiterated a “hold” rating on shares of Kopin Corp. in a research note on Friday, March 11th. Zacks Investment Research downgraded shares of Kopin Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, March 10th.
The firm’s market cap is $151.63 million. The firm has a 50 day moving average price of $2.17 and a 200-day moving average price of $1.99.
Kopin Corp. (NASDAQ:KOPN) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $6.12 million for the quarter, compared to the consensus estimate of $5 million. During the same quarter in the prior year, the company earned ($0.06) EPS. Analysts forecast that Kopin Corp. will post ($0.36) EPS for the current fiscal year.
In related news, Director Michael J. Landine acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were bought at an average price of $1.78 per share, for a total transaction of $44,500.00. Following the purchase, the director now directly owns 120,000 shares in the company, valued at approximately $213,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew Chapman acquired 19,244 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were bought at an average price of $1.67 per share, for a total transaction of $32,137.48. Following the purchase, the director now owns 133,244 shares in the company, valued at $222,517.48. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Kopin Corp. stock. Royce & Associates LLC increased its position in Kopin Corp. (NASDAQ:KOPN) by 2.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,066,426 shares of the company’s stock after buying an additional 55,448 shares during the period. Royce & Associates LLC owned 3.25% of Kopin Corp. worth $5,621,000 at the end of the most recent quarter.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and concept systems. The Company operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD segment is the manufacturer of its reflective display products for test and simulation products.
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