Kopin Corp. removed from S&P SmallCap 600
Photo | Google
Kopin Corp.'s Westborough headquarters
Kopin Corp., a maker of wearable optical equipment based in Westborough, has been removed from the S&P SmallCap 600.
The company was one of seven companies to be removed from the index Friday, according to S&P Dow Jones Indices.
Those companies are “no longer representative of the small-cap market space,” S&P Dow Jones Indices said.
The market capitalization threshold for the index is between $600 million to $2.4 billion. Before Monday's fall, Kopin had a market value of about $76.7 million.
On Monday, the company’s stock price on the Nasdaq fell more than 16% to $0.76.
Kopin Corp. has been attempting to remake itself of late following a $35 million loss in 2018. The company in August said it is taking steps to monetize its intellectual property and reduce its cost structure. Those changes are expected to allow Kopin to focus on its applications for military and enterprise.
Net loss for the second quarter of the year was $4.3 million and through half of the year, was $9.24 million.
WBJ Web Partners
Most Recent
Most Recent
0 Comments