Kopin Corp. (KOPN) Sees Unusually-High Trading Volume
Kopin Corp. (NASDAQ:KOPN) shares saw an uptick in trading volume on Monday . 257,073 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 277,496 shares.The stock last traded at $2.45 and had previously closed at $2.42.
Separately, Zacks Investment Research upgraded shares of Kopin Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th.
The company has a 50-day moving average of $2.29 and a 200-day moving average of $1.96. The firm’s market capitalization is $158.03 million.
Kopin Corp. (NASDAQ:KOPN) last announced its earnings results on Wednesday, May 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.11). During the same quarter last year, the business posted ($0.06) EPS. The firm had revenue of $6.12 million for the quarter, compared to analyst estimates of $5 million. Analysts forecast that Kopin Corp. will post ($0.36) EPS for the current year.
In other news, Director Andrew Chapman bought 23,254 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were purchased at an average price of $1.74 per share, for a total transaction of $40,461.96. Following the completion of the transaction, the director now owns 154,998 shares in the company, valued at $269,696.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. C. Fan bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $1.76 per share, for a total transaction of $352,000.00. Following the transaction, the chief executive officer now owns 3,634,769 shares of the company’s stock, valued at approximately $6,397,193.44. 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 position in Kopin Corp. (NASDAQ:KOPN) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.
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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