Kopin (NASDAQ:KOPN) Issues Quarterly Earnings Results

Kopin (NASDAQ:KOPN) issued its earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06, FiscalAI reports. The company had revenue of $8.37 million during the quarter, compared to analysts’ expectations of $12.98 million. Kopin had a negative return on equity of 30.97% and a negative net margin of 13.81%.

Kopin Trading Down 2.9%

NASDAQ KOPN opened at $2.72 on Wednesday. The stock has a market cap of $496.43 million, a PE ratio of 272.27 and a beta of 2.73. Kopin has a twelve month low of $0.81 and a twelve month high of $4.16. The stock has a fifty day simple moving average of $2.28 and a 200-day simple moving average of $2.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Kopin from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.69.

Hedge Funds Weigh In On Kopin

A number of hedge funds have recently modified their holdings of KOPN. Geode Capital Management LLC boosted its holdings in Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after acquiring an additional 1,806,632 shares during the period. JPMorgan Chase & Co. boosted its holdings in Kopin by 113,958.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock valued at $108,000 after acquiring an additional 70,654 shares during the period. Legal & General Group Plc purchased a new position in Kopin during the 2nd quarter valued at about $25,000. Rhumbline Advisers purchased a new position in Kopin during the 2nd quarter valued at about $259,000. Finally, Prudential Financial Inc. purchased a new position in Kopin during the 2nd quarter valued at about $25,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.