Wunderlich Downgrades Kopin Corporation to Hold

Brokerage firm Wunderlich Downgrades its rating on Kopin Corporation(NASDAQ:KOPN). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Wunderlich was issued on Aug 3, 2016.

Kopin Corporation (KOPN) made into the market gainers list on Fridays trading session with the shares advancing 2.42% or 0.05 points. Due to strong positive momentum, the stock ended at $2.12, which is also near the day’s high of $2.1455. The stock began the session at $2.07 and the volume stood at 94,180 shares. The 52-week high of the shares is $3.3 and the 52 week low is $1.57. The company has a current market capitalization of $142 M and it has 6,67,69,501 shares in outstanding.

Kopin Corporation(KOPN) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.36M. Analysts had an estimated revenue of $4.70M. Earnings per share were $-0.17. Analysts had estimated an EPS of $-0.12.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Morton Collins (director) purchased 56,500 shares at $1.88 per share price.Also, On May 19, 2016, Andrew Chapman (director) purchased 23,254 shares at $1.74 per share price.On May 19, 2016, Michael J Landine (director) purchased 25,000 shares at $1.78 per share price, according to the Form-4 filing with the securities and exchange commission.

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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