Kopin (NASDAQ:KOPN) Shares Down 5.2% – What’s Next?

Kopin Corporation (NASDAQ:KOPN) shares dropped 5.2% during trading on Monday . The company traded as low as $2.81 and last traded at $2.8250. Approximately 1,235,749 shares were traded during trading, a decline of 60% from the average daily volume of 3,052,827 shares. The stock had previously closed at $2.98.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KOPN. Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Kopin from a “sell” rating to a “strong sell” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kopin has a consensus rating of “Moderate Buy” and a consensus target price of $4.69.

Kopin Price Performance

The company has a 50-day moving average price of $2.34 and a 200-day moving average price of $2.66. The firm has a market capitalization of $588.59 million, a PE ratio of 321.32 and a beta of 2.73.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Monday, April 13th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Kopin had a return on equity of 8.53% and a net margin of 6.63%.The firm had revenue of $8.37 million during the quarter, compared to analysts’ expectations of $12.98 million. On average, research analysts predict that Kopin Corporation will post -0.03 earnings per share for the current fiscal year.

Insider Activity at Kopin

In related news, CEO Michael Andrew Murray sold 96,800 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $3.01, for a total transaction of $291,368.00. Following the transaction, the chief executive officer owned 2,771,122 shares of the company’s stock, valued at approximately $8,341,077.22. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 347,920 shares of company stock worth $1,007,776 in the last ninety days. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. EWA LLC purchased a new stake in shares of Kopin in the fourth quarter valued at $25,000. Prudential Financial Inc. purchased a new position in Kopin during the second quarter worth about $25,000. Legal & General Group Plc acquired a new stake in Kopin in the 2nd quarter worth about $25,000. Cibc World Markets Corp purchased a new stake in Kopin in the 4th quarter valued at about $28,000. Finally, Bravias Capital Group LLC acquired a new position in shares of Kopin during the 3rd quarter valued at about $32,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.