Kopin (NASDAQ:KOPN) Posts Quarterly Earnings Results

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

Kopin Stock Up 1.7 %

KOPN opened at $0.89 on Friday. The stock’s 50 day moving average price is $0.78 and its two-hundred day moving average price is $0.84. The firm has a market capitalization of $108.18 million, a P/E ratio of -2.18 and a beta of 2.60. Kopin has a 12-month low of $0.56 and a 12-month high of $2.82.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Kopin from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus decreased their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Kopin in a report on Wednesday.

About Kopin

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.