Kopin (NASDAQ:KOPN) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday, January 5th.
Separately, Needham & Company LLC reissued a “hold” rating on shares of Kopin in a report on Thursday, November 9th.
Kopin (NASDAQ KOPN) traded up $0.02 during trading on Friday, reaching $3.49. The company’s stock had a trading volume of 405,082 shares, compared to its average volume of 459,239. Kopin has a 52 week low of $3.00 and a 52 week high of $4.60. The stock has a market capitalization of $262.92, a PE ratio of -8.31 and a beta of 0.98.
Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The firm had revenue of $6.14 million during the quarter. Kopin had a negative return on equity of 37.28% and a negative net margin of 125.76%. During the same period last year, the firm posted ($0.12) EPS.
A number of large investors have recently bought and sold shares of the business. AWM Investment Company Inc. raised its position in Kopin by 1.1% in the second quarter. AWM Investment Company Inc. now owns 6,675,282 shares of the company’s stock valued at $24,765,000 after purchasing an additional 74,248 shares during the period. Vanguard Group Inc. raised its holdings in shares of Kopin by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,396,076 shares of the company’s stock valued at $12,599,000 after buying an additional 234,252 shares during the period. State Street Corp raised its holdings in shares of Kopin by 7.0% in the 2nd quarter. State Street Corp now owns 1,446,122 shares of the company’s stock valued at $5,365,000 after buying an additional 94,289 shares during the period. Northern Trust Corp raised its holdings in shares of Kopin by 15.9% in the 2nd quarter. Northern Trust Corp now owns 776,790 shares of the company’s stock valued at $2,883,000 after buying an additional 106,560 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Kopin by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 463,274 shares of the company’s stock valued at $1,719,000 after buying an additional 1,446 shares during the period. Institutional investors own 45.08% of the company’s stock.
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Kopin Corporation is a developer, manufacturer and seller of Wearable technologies, which include components and systems. The Company’s segments are Forth Dimension Displays Ltd. (FDD), the manufacturer of its reflective display products for test and simulation products, and Kopin, which consists of Kopin Corporation, Kowon, Kopin Software Ltd.
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