Separately, Zacks Investment Research lowered Kopin from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $2.17.
NASDAQ:KOPN remained flat at $$1.31 during mid-day trading on Thursday. The company’s stock had a trading volume of 373,323 shares, compared to its average volume of 390,881. The business’s fifty day simple moving average is $1.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.39 and a current ratio of 3.71. Kopin has a 12-month low of $0.96 and a 12-month high of $3.06. The firm has a market capitalization of $110.21 million, a P/E ratio of -2.73 and a beta of 1.43.
Large investors have recently modified their holdings of the business. Weybosset Research & Management LLC purchased a new position in shares of Kopin in the 1st quarter worth about $35,000. Oppenheimer & Co. Inc. purchased a new position in shares of Kopin in the 1st quarter worth about $61,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Kopin in the 4th quarter worth about $47,000. Jane Street Group LLC purchased a new position in shares of Kopin in the 4th quarter worth about $74,000. Finally, Arizona State Retirement System raised its holdings in shares of Kopin by 10.4% in the 2nd quarter. Arizona State Retirement System now owns 104,408 shares of the company’s stock worth $114,000 after purchasing an additional 9,860 shares during the period. 41.22% of the stock is currently owned by hedge funds and other institutional investors.
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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