Kopin Co. (NASDAQ:KOPN) was down 7.2% on Monday . The company traded as low as $2.95 and last traded at $2.96. Approximately 773,466 shares changed hands during trading, an increase of 57% from the average daily volume of 491,152 shares. The stock had previously closed at $3.19.
Separately, BidaskClub raised Kopin from a “hold” rating to a “buy” rating in a research report on Friday, March 16th.
Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, May 8th. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $5.65 million during the quarter. Kopin had a negative return on equity of 30.68% and a negative net margin of 80.11%. During the same period in the previous year, the firm posted ($0.14) earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Kopin by 4.7% in the 4th quarter. BlackRock Inc. now owns 8,180,901 shares of the company’s stock worth $26,180,000 after acquiring an additional 368,261 shares in the last quarter. Royce & Associates LP raised its position in shares of Kopin by 3.3% in the 4th quarter. Royce & Associates LP now owns 2,068,885 shares of the company’s stock worth $6,620,000 after acquiring an additional 66,500 shares in the last quarter. Penbrook Management LLC bought a new position in shares of Kopin in the 4th quarter worth $1,722,000. ETF Managers Group LLC raised its position in shares of Kopin by 65.4% in the 1st quarter. ETF Managers Group LLC now owns 316,708 shares of the company’s stock worth $991,000 after acquiring an additional 125,205 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Kopin by 17.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 149,392 shares of the company’s stock worth $478,000 after acquiring an additional 21,919 shares in the last quarter. 45.96% of the stock is owned by hedge funds and other institutional investors.
Kopin Corporation invents, develops, manufactures, and sells technologies, components, and systems in the United States, the Asia-Pacific, and Europe. The company's Kopin Wearable technology includes component technologies, which can be integrated to create headset systems. It provides components, including miniature liquid crystal displays, liquid crystal on silicon displays/ spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits.
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