Kopin (NASDAQ:KOPN) released its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02), MarketWatch Earnings reports. Kopin had a negative return on equity of 35.12% and a negative net margin of 86.62%. The business had revenue of $5.13 million for the quarter. During the same period last year, the firm earned ($0.11) earnings per share. Kopin updated its FY 2018 guidance to EPS.

Shares of Kopin stock traded down $0.10 during trading hours on Friday, reaching $1.85. 296,497 shares of the company’s stock were exchanged, compared to its average volume of 181,765. Kopin has a 1 year low of $1.84 and a 1 year high of $3.95.

Separately, National Securities initiated coverage on shares of Kopin in a report on Tuesday, October 2nd. They set a “buy” rating and a $3.00 target price for the company.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Kopin by 8.8% during the third quarter. BlackRock Inc. now owns 9,665,876 shares of the company’s stock worth $23,391,000 after buying an additional 780,079 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Kopin by 9.2% during the second quarter. Northern Trust Corp now owns 809,625 shares of the company’s stock worth $2,315,000 after buying an additional 68,060 shares in the last quarter. Round Table Services LLC grew its holdings in shares of Kopin by 117.7% during the third quarter. Round Table Services LLC now owns 385,380 shares of the company’s stock worth $933,000 after buying an additional 208,380 shares in the last quarter. Cowen Prime Services LLC grew its holdings in shares of Kopin by 12.6% during the third quarter. Cowen Prime Services LLC now owns 293,750 shares of the company’s stock worth $711,000 after buying an additional 32,932 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Kopin by 20.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 137,600 shares of the company’s stock worth $430,000 after buying an additional 23,000 shares in the last quarter. 46.99% of the stock is owned by institutional investors and hedge funds.

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About Kopin

Kopin Corporation invents, develops, manufactures, and sells technologies, components, and systems in the United States, the Asia-Pacific, and Europe. The company's Kopin Wearable technology includes component technologies, which can be integrated to create headset systems. It provides components, including miniature 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.

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Earnings History for Kopin (NASDAQ:KOPN)

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