According to Zacks, “Kopin Corporation is a leading developer and provider of innovative wearable technologies and solutions for integration into head-worn computing and display systems to military, industrial and consumer customers. Kopin’s technologies and solutions are available as components providing individual capabilities or as reference systems providing integrated solutions. Kopin has a long history of developing technologies required for wearable computing headsets for the military, consumers, or industry. Kopin has contributed to the development of head-mounted displays for the F-35 Joint Strike Fighter, created the Golden-i, a wearable headset reference design for industry, and collaborated on many wearable products with a range of companies including Vuzix, Motorola Solutions and Recon Instruments. Kopin has developed and commercialized game-changing technologies such as heterojunction bipolar transistors (HBT) which power billions of cellphones, and microdisplays which have brought vivid images. “
Separately, ValuEngine lowered Kopin from a hold rating to a sell rating in a research note on Tuesday, December 3rd.
Shares of KOPN stock traded up $0.01 during trading hours on Wednesday, reaching $0.42. 23,100 shares of the company’s stock were exchanged, compared to its average volume of 257,749. The company has a market cap of $41.08 million, a P/E ratio of -0.88 and a beta of 1.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.02 and a quick ratio of 2.74. The company’s 50 day moving average is $0.53 and its two-hundred day moving average is $0.87. Kopin has a 1 year low of $0.41 and a 1 year high of $1.75.
Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $6.14 million during the quarter. Kopin had a negative return on equity of 69.67% and a negative net margin of 116.39%. During the same quarter in the prior year, the company posted ($0.12) EPS. As a group, analysts predict that Kopin will post -0.28 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in KOPN. FormulaFolio Investments LLC grew its stake in Kopin by 89.3% in the third quarter. FormulaFolio Investments LLC now owns 41,827 shares of the company’s stock worth $28,000 after purchasing an additional 19,736 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Kopin in the second quarter valued at approximately $80,000. Oppenheimer & Co. Inc. boosted its stake in Kopin by 114.3% in the second quarter. Oppenheimer & Co. Inc. now owns 97,500 shares of the company’s stock valued at $107,000 after acquiring an additional 52,000 shares during the period. Arizona State Retirement System boosted its stake in Kopin by 10.4% in the second quarter. Arizona State Retirement System now owns 104,408 shares of the company’s stock valued at $114,000 after acquiring an additional 9,860 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Kopin by 83.2% during the second 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 last quarter. Institutional investors own 28.34% of the company’s stock.
Kopin Company Profile
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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