Kopin Co. (NASDAQ:KOPN) shares gapped up before the market opened on Wednesday . The stock had previously closed at $1.38, but opened at $1.63. Kopin shares last traded at $1.59, with a volume of 67,745 shares changing hands.
A number of analysts have commented on KOPN shares. ValuEngine cut shares of Kopin from a “buy” rating to a “hold” rating in a research report on Tuesday, September 1st. HC Wainwright began coverage on shares of Kopin in a research report on Tuesday, August 25th. They issued a “buy” rating and a $2.00 price target on the stock. LADENBURG THALM/SH SH increased their price objective on shares of Kopin from $1.50 to $2.50 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Investment Research upgraded shares of Kopin from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Wednesday.
The company has a market cap of $117.25 million, a PE ratio of -6.27 and a beta of 1.75. The business’s 50-day moving average is $1.57 and its 200 day moving average is $1.02.
Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Kopin had a negative net margin of 59.04% and a negative return on equity of 65.68%. The company had revenue of $8.82 million for the quarter. During the same quarter in the prior year, the firm earned ($0.05) EPS. As a group, equities research analysts predict that Kopin Co. will post -0.1 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. increased its holdings in Kopin by 37.0% during the second quarter. J.W. Cole Advisors Inc. now owns 25,656 shares of the company’s stock valued at $34,000 after buying an additional 6,924 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Kopin during the second quarter worth $47,000. Weybosset Research & Management LLC boosted its position in shares of Kopin by 149.4% during the second quarter. Weybosset Research & Management LLC now owns 64,545 shares of the company’s stock worth $86,000 after acquiring an additional 38,670 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its position in shares of Kopin by 85.4% during the second quarter. Game Plan Financial Advisors LLC now owns 121,600 shares of the company’s stock worth $162,000 after acquiring an additional 56,000 shares during the last quarter. 18.74% of the stock is owned by hedge funds and other institutional investors.
About Kopin (NASDAQ:KOPN)
Kopin Corporation invents, develops, manufactures, and sells various components and systems in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix 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, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.
See Also: Economic Bubble
Receive News & Ratings for Kopin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kopin and related companies with MarketBeat.com's FREE daily email newsletter.