Kopin (NASDAQ:KOPN) Shares Up 6.1%

Kopin Co. (NASDAQ:KOPN) shot up 6.1% on Monday . The company traded as high as $0.60 and last traded at $0.58, 425,265 shares traded hands during trading. A decline of 66% from the average session volume of 1,268,311 shares. The stock had previously closed at $0.55.

A number of research firms have weighed in on KOPN. ValuEngine lowered Kopin from a “hold” rating to a “sell” rating in a research note on Monday, September 30th. Zacks Investment Research lowered Kopin from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th.

The stock has a 50 day simple moving average of $0.75 and a two-hundred day simple moving average of $1.07. The company has a market cap of $48.77 million, a price-to-earnings ratio of -1.21 and a beta of 1.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.28 and a quick ratio of 3.00.

Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The company had revenue of $9.11 million for the quarter. Kopin had a negative return on equity of 67.79% and a negative net margin of 132.18%. As a group, research analysts forecast that Kopin Co. will post -0.27 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Kopin during the second quarter worth $232,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Kopin by 83.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 117,138 shares of the company’s stock valued at $128,000 after buying an additional 53,214 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Kopin in the 2nd quarter valued at $80,000. Morgan Stanley raised its holdings in shares of Kopin by 222.8% in the 2nd quarter. Morgan Stanley now owns 403,824 shares of the company’s stock valued at $440,000 after buying an additional 278,706 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Kopin during the 2nd quarter worth about $280,000. 36.77% of the stock is currently owned by institutional investors.

Kopin Company Profile (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.

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