Kopin (NASDAQ:KOPN) Issues Quarterly Earnings Results

Kopin (NASDAQ:KOPN) posted its earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02, Zacks reports. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The firm had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.73 million. During the same period in the previous year, the firm earned ($0.02) earnings per share.

Kopin Stock Down 0.1 %

KOPN traded down $0.00 during trading on Thursday, reaching $0.88. The company’s stock had a trading volume of 346,620 shares, compared to its average volume of 1,486,874. Kopin has a 1 year low of $0.56 and a 1 year high of $2.82. The firm has a fifty day simple moving average of $0.78 and a two-hundred day simple moving average of $0.84. The company has a market cap of $106.20 million, a price-to-earnings ratio of -2.14 and a beta of 2.60.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KOPN shares. Stifel Nicolaus lowered their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Friday, August 9th. HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of Kopin in a research note on Wednesday. Finally, StockNews.com raised shares of Kopin from a “sell” rating to a “hold” rating in a report on Wednesday.

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.