Kopin (NASDAQ:KOPN) Announces Earnings Results, Hits Estimates

Kopin (NASDAQ:KOPN - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01), RTT News reports. The firm had revenue of $14.65 million during the quarter, compared to analysts' expectations of $11.15 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same quarter last year, the firm posted ($0.04) earnings per share.

Kopin Trading Up 17.7 %

Shares of NASDAQ:KOPN traded up $0.17 during mid-day trading on Tuesday, reaching $1.10. The company had a trading volume of 5,023,117 shares, compared to its average volume of 2,407,024. Kopin has a one year low of $0.56 and a one year high of $2.17. The company's 50-day moving average price is $1.21 and its 200-day moving average price is $1.18. The firm has a market cap of $174.05 million, a price-to-earnings ratio of -2.67 and a beta of 3.24.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Canaccord Genuity Group reduced their target price on shares of Kopin from $2.50 to $2.25 and set a "buy" rating for the company in a research note on Monday. StockNews.com raised shares of Kopin from a "sell" rating to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2.56.

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.