Kopin Corporation (KOPN) was Downgraded by Wunderlich to ” Hold” while Lowering the Price Target of the company shares to $ 2 from a previous price target of $3 . Earlier the firm had a rating of “Buy ” on the company shares. Wunderlich advised their investors in a research report released on Aug 3, 2016.
Kopin Corporation closed down -0.29 points or -12.45% at $2.04 with 6,84,274 shares getting traded on Tusday. Post opening the session at $2.2, the shares hit an intraday low of $2 and an intraday high of $2.27 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 20, 2016, Morton Collins (director) purchased 56,500 shares at $1.88 per share price. According to the SEC, 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.