Marathon Capital Management buys $2,438,475 stake in Kopin Corporation (KOPN)

Kopin Corporation (KOPN) : Marathon Capital Management scooped up 119,876 additional shares in Kopin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,150,224 shares of Kopin Corporation which is valued at $2,438,475.Kopin Corporation makes up approximately 1.27% of Marathon Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in KOPN in the latest quarter, The investment management firm added 19,008 additional shares and now holds a total of 296,888 shares of Kopin Corporation which is valued at $629,403. Great West Life Assurance Co Can added KOPN to its portfolio by purchasing 65,638 company shares during the most recent quarter which is valued at $135,214.

Kopin Corporation closed down -0.06 points or -2.63% at $2.22 with 1,21,802 shares getting traded on Friday. Post opening the session at $2.27, the shares hit an intraday low of $2.21 and an intraday high of $2.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Many Wall Street Analysts have commented on Kopin Corporation. Shares were Downgraded by Wunderlich on Aug 3, 2016 to ” Hold” and Lowered the Price Target to $ 2 from a previous price target of $3 .

Kopin Corporation is an inventor developer manufacturer and seller of wearable technologies which include components and concept systems. The Company operates in two segments which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD segment is the manufacturer of its reflective display products for test and simulation products. Kopin segment consists of Kopin Corporation Kowon Intoware and eMDT. The components that it sells consist of its active-matrix liquid crystal displays (AMLCD) liquid crystal on silicon (LCOS) displays optical lenses and application specific integrated circuits (ASICs). Its concept systems are focused on the emerging market for head-worn hands-free voice and gesture controlled wireless computing and communication devices. The Company’s components consist of its transmissive AMLCDs and reflective LCOS micro-displays offered in a variety of resolutions.

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