Kopin (KOPN) Trading Down 16.8%

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Kopin Co. (NASDAQ:KOPN)’s share price dropped 16.8% during trading on Monday . The stock traded as low as $1.06 and last traded at $1.09. Approximately 1,462,169 shares were traded during trading, an increase of 405% from the average daily volume of 289,560 shares. The stock had previously closed at $1.31.

KOPN has been the subject of several recent research reports. LADENBURG THALM/SH SH initiated coverage on Kopin in a research report on Monday, February 4th. They set a “buy” rating and a $2.20 price objective for the company. Langenberg & Company initiated coverage on Kopin in a research report on Monday, February 4th. They set a “buy” rating and a $1.32 price objective for the company.

The stock has a market cap of $100.36 million, a P/E ratio of -2.73 and a beta of 1.60.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $5.13 million for the quarter. Kopin had a negative net margin of 95.23% and a negative return on equity of 39.75%. During the same period in the prior year, the company earned ($0.11) earnings per share. As a group, equities analysts predict that Kopin Co. will post -0.39 EPS for the current year.

In other Kopin news, EVP Bor Yeu Tsaur sold 40,716 shares of the firm’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $1.43, for a total transaction of $58,223.88. Following the completion of the transaction, the executive vice president now owns 596,799 shares of the company’s stock, valued at $853,422.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hong K. Choi sold 18,598 shares of the firm’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $1.43, for a total value of $26,595.14. Following the transaction, the insider now directly owns 350,506 shares of the company’s stock, valued at approximately $501,223.58. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in KOPN. BlackRock Inc. raised its position in shares of Kopin by 8.8% in the 3rd quarter. BlackRock Inc. now owns 9,665,876 shares of the company’s stock worth $23,391,000 after purchasing an additional 780,079 shares during the last quarter. Vanguard Group Inc raised its position in shares of Kopin by 6.1% in the 3rd quarter. Vanguard Group Inc now owns 4,239,524 shares of the company’s stock worth $10,259,000 after purchasing an additional 245,490 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Kopin by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,239,524 shares of the company’s stock worth $10,259,000 after purchasing an additional 245,490 shares during the last quarter. Round Table Services LLC raised its position in shares of Kopin by 117.7% in the 3rd quarter. Round Table Services LLC now owns 385,380 shares of the company’s stock worth $933,000 after purchasing an additional 208,380 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Kopin by 8.1% in the 3rd quarter. Royce & Associates LP now owns 2,143,987 shares of the company’s stock worth $5,188,000 after purchasing an additional 161,477 shares during the last quarter. 47.17% of the stock is owned by institutional investors and hedge funds.

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About Kopin (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.

Further Reading: Price-Sales Ratio

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