Kopin Co. (NASDAQ:KOPN)’s share price fell 7.9% during trading on Monday . The company traded as low as $3.11 and last traded at $3.15. 728,863 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 663,461 shares. The stock had previously closed at $3.42.
A number of analysts have recently commented on KOPN shares. Needham & Company LLC reiterated a “hold” rating on shares of Kopin in a research note on Thursday, January 11th. BidaskClub upgraded Kopin from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th.
The company has a market cap of $237.31, a P/E ratio of -7.72 and a beta of 0.97.
A number of hedge funds have recently added to or reduced their stakes in KOPN. Crossmark Global Holdings Inc. bought a new position in shares of Kopin during the 3rd quarter valued at approximately $117,000. Thrivent Financial For Lutherans increased its holdings in shares of Kopin by 7.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 36,810 shares of the company’s stock worth $137,000 after buying an additional 2,650 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Kopin by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 40,410 shares of the company’s stock worth $150,000 after buying an additional 5,856 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Kopin by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,652 shares of the company’s stock worth $222,000 after buying an additional 3,082 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Kopin by 130.5% in the 2nd quarter. Alliancebernstein L.P. now owns 67,650 shares of the company’s stock worth $251,000 after buying an additional 38,300 shares during the last quarter. Institutional investors and hedge funds own 45.17% of the company’s stock.
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Kopin Company Profile
Kopin Corporation is a developer, manufacturer and seller of Wearable technologies, which include components and systems. The Company’s segments are Forth Dimension Displays Ltd. (FDD), the manufacturer of its reflective display products for test and simulation products, and Kopin, which consists of Kopin Corporation, Kowon, Kopin Software Ltd.
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