Kopin Corp. (KOPN) Shares Down 6.2%
Shares of Kopin Corp. (NASDAQ:KOPN) traded down 6.2% during mid-day trading on Friday . The company traded as low as $2.12 and last traded at $2.12, with a volume of 124,843 shares changing hands. The stock had previously closed at $2.26.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Kopin Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 7th. Wunderlich lowered shares of Kopin Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $3.00 to $2.00 in a research note on Wednesday, August 3rd.
The stock has a 50 day moving average price of $2.22 and a 200 day moving average price of $2.02. The company’s market capitalization is $136.40 million.
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Kopin Corp. (NASDAQ:KOPN) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The company had revenue of $4.40 million for the quarter, compared to the consensus estimate of $4.70 million. Kopin Corp. had a negative return on equity of 28.50% and a negative net margin of 93.59%. During the same quarter in the prior year, the company earned $0.01 EPS. Equities research analysts expect that Kopin Corp. will post ($0.39) EPS for the current year.
About Kopin Corp.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products.
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