Kopin Corp. (KOPN) Sees Large Volume Increase
Kopin Corp. (NASDAQ:KOPN) shares saw an uptick in trading volume on Monday . 257,073 shares traded hands during 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 raised Kopin Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th.
The company’s 50-day moving average price is $2.29 and its 200 day moving average price is $1.96. The stock’s market cap is $151.62 million.
Kopin Corp. (NASDAQ:KOPN) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.11) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.11). The firm earned $6.12 million during the quarter, compared to analyst estimates of $5 million. During the same period last year, the business posted ($0.06) EPS. On average, equities research analysts predict that Kopin Corp. will post ($0.36) earnings per share for the current year.
In other news, Director Andrew Chapman acquired 19,244 shares of Kopin Corp. stock in a transaction on Friday, May 13th. The stock was purchased at an average price of $1.67 per share, with a total value of $32,137.48. Following the completion of the purchase, the director now owns 133,244 shares of the company’s stock, valued at approximately $222,517.48. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Brook acquired 50,000 shares of Kopin Corp. stock in a transaction on Thursday, May 12th. The stock was purchased at an average cost of $1.82 per share, with a total value of $91,000.00. Following the purchase, the director now directly owns 263,760 shares of the company’s stock, valued at approximately $480,043.20. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Kopin Corp. stock. Royce & Associates LLC boosted its position in shares of Kopin Corp. (NASDAQ:KOPN) by 2.8% during the fourth quarter, according to its most recent disclosure with the 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 3.25% of Kopin Corp. worth $5,621,000 as of its most recent SEC filing.
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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