Kopin Co. (NASDAQ:KOPN) fell 10.2% on Thursday . The stock traded as low as $1.48 and last traded at $1.49. 912,584 shares traded hands during mid-day trading, an increase of 132% from the average session volume of 394,166 shares. The stock had previously closed at $1.66.
Several research firms recently weighed in on KOPN. Langenberg & Company began coverage on shares of Kopin in a research note on Monday, February 4th. They issued a “buy” rating and a $1.32 target price for the company. LADENBURG THALM/SH SH began coverage on shares of Kopin in a research note on Monday, February 4th. They issued a “buy” rating and a $2.20 target price for the company.
The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.17 and a current ratio of 4.77. The company has a market cap of $122.58 million, a price-to-earnings ratio of -3.10 and a beta of 1.63.
Kopin (NASDAQ:KOPN) last released its earnings results on Tuesday, March 12th. The company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Kopin had a negative net margin of 142.50% and a negative return on equity of 49.78%. The business had revenue of $7.74 million during the quarter. Equities analysts expect that Kopin Co. will post -0.35 earnings per share for the current fiscal year.
In related news, EVP Bor Yeu Tsaur sold 167,611 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $1.14, for a total value of $191,076.54. Following the completion of the sale, the executive vice president now owns 429,188 shares in the company, valued at $489,274.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Kopin by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 636,382 shares of the company’s stock worth $635,000 after purchasing an additional 21,327 shares in the last quarter. Jane Street Group LLC acquired a new position in Kopin during the 4th quarter worth approximately $74,000. D. E. Shaw & Co. Inc. acquired a new position in Kopin during the 4th quarter worth approximately $47,000. Barclays PLC increased its position in Kopin by 21.8% during the 4th quarter. Barclays PLC now owns 128,099 shares of the company’s stock worth $128,000 after purchasing an additional 22,905 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Kopin during the 4th quarter worth approximately $91,000. Institutional investors and hedge funds own 44.34% of the company’s stock.
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Kopin Company Profile (NASDAQ:KOPN)
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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