Kopin Corp. (KOPN) Trading Up 1.7%
Kopin Corp. (NASDAQ:KOPN) shares were up 1.7% on Wednesday . The stock traded as high as $2.46 and last traded at $2.44, with a volume of 84,078 shares traded. The stock had previously closed at $2.40.
Separately, Zacks Investment Research upgraded shares of Kopin Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th.
The stock’s market cap is $162.51 million. The company’s 50 day moving average is $2.25 and its 200 day moving average is $1.97.
Kopin Corp. (NASDAQ:KOPN) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $6.12 million for the quarter, compared to the consensus estimate of $5 million. During the same quarter last year, the firm earned ($0.06) EPS. Analysts anticipate that Kopin Corp. will post ($0.36) earnings per share for the current fiscal year.
In other news, CEO John C. C. Fan acquired 200,000 shares of Kopin Corp. stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $1.76 per share, for a total transaction of $352,000.00. Following the purchase, the chief executive officer now directly owns 3,634,769 shares in the company, valued at approximately $6,397,193.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Brook acquired 50,000 shares of Kopin Corp. stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $1.82 per share, with a total value of $91,000.00. Following the purchase, the director now owns 263,760 shares in the company, valued at $480,043.20. The disclosure for this purchase can be found here.
An institutional investor recently raised its position 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 Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 3.25% of Kopin Corp. worth $5,621,000 as of its most recent filing with the SEC.
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.