Kopin Co. (NASDAQ:KOPN) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $2.05 and last traded at $2.05, with a volume of 13366 shares. The stock had previously closed at $2.11.
Separately, BidaskClub downgraded Kopin from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd.
Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Monday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.05). The business had revenue of $5.94 million for the quarter. Kopin had a negative net margin of 86.62% and a negative return on equity of 35.12%.
Several institutional investors and hedge funds have recently modified their holdings of KOPN. A.R.T. Advisors LLC bought a new stake in shares of Kopin during the 1st quarter valued at about $137,000. Millennium Management LLC bought a new stake in shares of Kopin during the 4th quarter valued at about $231,000. JPMorgan Chase & Co. boosted its position in shares of Kopin by 457.7% during the 1st quarter. JPMorgan Chase & Co. now owns 74,092 shares of the company’s stock valued at $231,000 after acquiring an additional 60,807 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Kopin by 20.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 137,600 shares of the company’s stock valued at $430,000 after acquiring an additional 23,000 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Kopin by 125.5% during the 4th quarter. Deutsche Bank AG now owns 135,768 shares of the company’s stock valued at $433,000 after acquiring an additional 75,567 shares during the last quarter. Hedge funds and other institutional investors own 46.71% of the company’s stock.
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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