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

Kopin (NASDAQ:KOPN – Get Rating) posted its quarterly earnings data on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07), RTT News reports. Kopin had a negative net margin of 30.22% and a negative return on equity of 42.05%. The company had revenue of $12.18 million for the quarter, compared to the consensus estimate of $11.00 million. During the same period last year, the company earned ($0.04) earnings per share.

Kopin Stock Down 1.0 %

KOPN stock opened at $1.00 on Thursday. The company has a market cap of $95.12 million, a PE ratio of -5.88 and a beta of 2.48. The business has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $1.25. Kopin has a 52 week low of $0.96 and a 52 week high of $2.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in Kopin during the first quarter worth about $30,000. Brinker Capital Investments LLC acquired a new position in Kopin during the first quarter worth about $38,000. UBS Group AG raised its stake in Kopin by 167.9% during the second quarter. UBS Group AG now owns 34,620 shares of the company’s stock worth $39,000 after acquiring an additional 21,695 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Kopin by 74.4% during the first quarter. BNP Paribas Arbitrage SA now owns 28,965 shares of the company’s stock worth $73,000 after acquiring an additional 12,360 shares in the last quarter. Finally, Graham Capital Management L.P. raised its stake in Kopin by 37.6% during the first quarter. Graham Capital Management L.P. now owns 44,097 shares of the company’s stock worth $111,000 after acquiring an additional 12,059 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on KOPN shares. HC Wainwright reduced their price objective on shares of Kopin from $6.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com started coverage on shares of Kopin in a research report on Thursday. They set a “sell” rating for the company.

Kopin Company Profile

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Kopin Corp. engages in the development, manufacture and sale of wearable technologies which include components and systems. Its portfolio includes AMLCD, LCOS displays, OLED displays, ASIC, backlights, and optical lenses. The firm uses semiconductor material technology to design, manufacture and market its component products for use in military, enterprise and consumer electronic applications, training and simulation equipment and 3D metrology equipment.