Kopin Co. (NASDAQ:KOPN)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $11.26, but opened at $10.92. Kopin shares last traded at $11.15, with a volume of 22,621 shares traded.

Several equities analysts have weighed in on KOPN shares. Zacks Investment Research lowered shares of Kopin from a “buy” rating to a “hold” rating in a report on Wednesday, January 6th. HC Wainwright restated a “neutral” rating on shares of Kopin in a research report on Tuesday, March 9th.

The firm has a market capitalization of $953.93 million, a PE ratio of -69.66 and a beta of 2.45. The firm has a 50-day moving average price of $9.90 and a 200 day moving average price of $4.50.

Kopin (NASDAQ:KOPN) last released its earnings results on Monday, March 1st. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $13.92 million during the quarter, compared to the consensus estimate of $9.20 million. Kopin had a negative return on equity of 51.37% and a negative net margin of 37.11%. During the same period in the previous year, the company posted ($0.03) EPS. On average, equities analysts predict that Kopin Co. will post -0.09 earnings per share for the current year.

In other news, CFO Richard Sneider sold 45,000 shares of the stock in a transaction on Friday, January 22nd. The stock was sold at an average price of $4.00, for a total value of $180,000.00. Following the sale, the chief financial officer now directly owns 364,006 shares in the company, valued at $1,456,024. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Hong K. Choi sold 159,072 shares of Kopin stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $3.70, for a total value of $588,566.40. Following the completion of the transaction, the chief technology officer now owns 173,260 shares of the company’s stock, valued at $641,062. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 761,332 shares of company stock worth $5,722,125. 8.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. KBC Group NV purchased a new position in shares of Kopin in the 4th quarter valued at about $62,000. ExodusPoint Capital Management LP acquired a new stake in Kopin in the fourth quarter valued at approximately $519,000. Renaissance Technologies LLC purchased a new position in Kopin in the fourth quarter worth approximately $611,000. WealthTrust Axiom LLC grew its holdings in Kopin by 48.8% during the 4th quarter. WealthTrust Axiom LLC now owns 161,975 shares of the company’s stock worth $393,000 after acquiring an additional 53,150 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Kopin by 37.0% during the 3rd quarter. Morgan Stanley now owns 412,935 shares of the company’s stock worth $570,000 after acquiring an additional 111,443 shares in the last quarter. Institutional investors own 18.78% of the company’s stock.

About Kopin (NASDAQ:KOPN)

Kopin Corporation invents, develops, manufactures, and sells components, subassemblies, head-worn, and hand-held systems in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, and optical lenses; and headset systems.

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