Kopin (NASDAQ:KOPN) Releases Earnings Results, Hits Expectations

Kopin (NASDAQ:KOPN) announced its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01), RTT News reports. The firm had revenue of $14.65 million during the quarter, compared to analyst estimates of $11.15 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same quarter in the previous year, the business earned ($0.04) EPS.

Kopin Stock Up 7.4 %

Shares of NASDAQ KOPN opened at $0.91 on Friday. The stock has a market capitalization of $143.78 million, a price-to-earnings ratio of -2.21 and a beta of 3.24. Kopin has a 52 week low of $0.56 and a 52 week high of $2.17. The firm has a 50-day simple moving average of $1.22 and a 200-day simple moving average of $1.18.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Friday. Canaccord Genuity Group boosted their target price on shares of Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2.63.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products 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, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.