Shares of Kopin Co. (NASDAQ:KOPN) shot up 6.3% during trading on Monday . The company traded as high as $3.74 and last traded at $3.72. 1,072,756 shares were traded during mid-day trading, an increase of 76% from the average session volume of 608,609 shares. The stock had previously closed at $3.50.
A number of research firms recently commented on KOPN. BidaskClub upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Needham & Company LLC reiterated a “hold” rating on shares of Kopin in a report on Thursday, January 11th.
The company has a quick ratio of 5.59, a current ratio of 5.97 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $263.68, a price-to-earnings ratio of -10.05 and a beta of 1.01.
Kopin (NASDAQ:KOPN) last released its earnings results on Thursday, March 8th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Kopin had a negative net margin of 94.88% and a negative return on equity of 35.53%. The business had revenue of $11.40 million for the quarter. During the same quarter in the previous year, the firm earned ($0.10) earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOPN. Crossmark Global Holdings Inc. acquired a new stake in shares of Kopin during the third quarter valued at approximately $117,000. Voya Investment Management LLC raised its holdings in shares of Kopin by 16.9% during the second quarter. Voya Investment Management LLC now owns 40,410 shares of the company’s stock valued at $150,000 after acquiring an additional 5,856 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Kopin by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 59,652 shares of the company’s stock valued at $222,000 after acquiring an additional 3,082 shares during the period. Millennium Management LLC acquired a new stake in shares of Kopin during the fourth quarter valued at approximately $231,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Kopin by 130.5% during the second quarter. Alliancebernstein L.P. now owns 67,650 shares of the company’s stock valued at $251,000 after acquiring an additional 38,300 shares during the period. Institutional investors and hedge funds own 46.43% of the company’s stock.
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Kopin Company Profile
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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