Kopin (NASDAQ:KOPN) released its quarterly earnings data on Thursday, March 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.05), Morningstar.com reports. The company had revenue of $11.40 million for the quarter. Kopin had a negative net margin of 94.88% and a negative return on equity of 35.53%. During the same period last year, the company earned ($0.10) EPS.
Kopin (NASDAQ:KOPN) traded down $0.06 on Thursday, reaching $3.78. 596,792 shares of the company traded hands, compared to its average volume of 622,372. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.59 and a current ratio of 5.97. Kopin has a 52 week low of $2.80 and a 52 week high of $4.60. The company has a market cap of $293.06, a P/E ratio of -10.38 and a beta of 1.01.
Large investors have recently made changes to their positions in the business. Alliancebernstein L.P. boosted its holdings in Kopin by 130.5% in the 2nd quarter. Alliancebernstein L.P. now owns 67,650 shares of the company’s stock valued at $251,000 after purchasing an additional 38,300 shares during the period. State Street Corp raised its position in shares of Kopin by 7.0% during 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 in the last quarter. Royce & Associates LP raised its position in shares of Kopin by 3.3% during the 4th quarter. Royce & Associates LP now owns 2,068,885 shares of the company’s stock valued at $6,620,000 after buying an additional 66,500 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Kopin by 7.4% during 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 in the last quarter. Finally, Northern Trust Corp raised its position in shares of Kopin by 15.9% during 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 in the last quarter. 46.43% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Needham & Company LLC reissued a “hold” rating on shares of Kopin in a research report on Thursday, January 11th.
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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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