Kopin Co. (NASDAQ:KOPN) shares dropped 16.8% during trading on Monday . The company traded as low as $1.06 and last traded at $1.09. Approximately 1,462,169 shares changed hands during trading, an increase of 405% from the average daily volume of 289,560 shares. The stock had previously closed at $1.31.

KOPN has been the topic of a number of recent research reports. Langenberg & Company initiated coverage on shares of Kopin in a research report on Monday, February 4th. They set a “buy” rating and a $1.32 price target on the stock. LADENBURG THALM/SH SH initiated coverage on shares of Kopin in a research report on Monday, February 4th. They set a “buy” rating and a $2.20 price target on the stock.

The stock has a market cap of $100.36 million, a P/E ratio of -2.73 and a beta of 1.60.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Kopin had a negative net margin of 95.23% and a negative return on equity of 39.75%. The business had revenue of $5.13 million for the quarter. During the same quarter in the prior year, the firm earned ($0.11) EPS. Equities analysts expect that Kopin Co. will post -0.39 earnings per share for the current fiscal year.

In other Kopin news, EVP Bor Yeu Tsaur sold 40,716 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $1.43, for a total transaction of $58,223.88. Following the transaction, the executive vice president now directly owns 596,799 shares in the company, valued at $853,422.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hong K. Choi sold 18,598 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $1.43, for a total transaction of $26,595.14. Following the transaction, the insider now owns 350,506 shares in the company, valued at $501,223.58. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Kopin in the fourth quarter worth approximately $65,000. SG Americas Securities LLC bought a new position in shares of Kopin in the fourth quarter worth approximately $91,000. Rhumbline Advisers grew its holdings in shares of Kopin by 18.6% in the fourth quarter. Rhumbline Advisers now owns 167,730 shares of the company’s stock worth $168,000 after purchasing an additional 26,294 shares during the last quarter. Cowen Prime Services LLC grew its holdings in shares of Kopin by 3.9% in the fourth quarter. Cowen Prime Services LLC now owns 305,218 shares of the company’s stock worth $305,000 after purchasing an additional 11,468 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Kopin by 9.1% in the third quarter. Legal & General Group Plc now owns 131,587 shares of the company’s stock worth $317,000 after purchasing an additional 10,961 shares during the last quarter. Institutional investors and hedge funds own 47.17% of the company’s stock.

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About Kopin (NASDAQ:KOPN)

Kopin Corporation invents, develops, manufactures, and sells technologies, components, and systems in the United States, the Asia-Pacific, and Europe. The company's Kopin Wearable technology includes component technologies, which can be integrated to create headset systems. It provides components, including miniature liquid crystal displays, liquid crystal on silicon displays/ spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits.

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