Koss (NASDAQ:KOSS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Koss (NASDAQ:KOSS) in a research report sent to investors on Monday. The firm issued a hold rating on the stock.

Separately, TheStreet downgraded shares of Koss from a c rating to a d rating in a research report on Monday, November 27th.

Koss Price Performance

Shares of KOSS stock opened at $2.60 on Monday. The firm has a 50-day moving average of $2.69 and a 200-day moving average of $2.95. The company has a market cap of $24.05 million, a P/E ratio of -21.67 and a beta of -0.87. Koss has a one year low of $2.45 and a one year high of $4.80.

Koss (NASDAQ:KOSS) last announced its earnings results on Thursday, February 1st. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $3.36 million for the quarter. Koss had a negative net margin of 7.75% and a negative return on equity of 3.25%.

Institutional Investors Weigh In On Koss

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in Koss in the 4th quarter worth approximately $35,000. Citadel Advisors LLC purchased a new stake in shares of Koss during the second quarter worth $57,000. LPL Financial LLC grew its position in shares of Koss by 12.9% in the fourth quarter. LPL Financial LLC now owns 26,937 shares of the company’s stock valued at $133,000 after purchasing an additional 3,085 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Koss during the 4th quarter valued at $216,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Koss by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock worth $693,000 after purchasing an additional 2,330 shares in the last quarter. Hedge funds and other institutional investors own 6.21% of the company’s stock.

Koss Company Profile

Koss Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of stereo headphones and related accessories in the United States, the Czech Republic, Sweden, Canada, Korea, Republic of Belgium, Malaysia, and internationally. It offers high-fidelity headphones, wireless bluetooth headphones, wireless bluetooth speakers, computer headsets, telecommunications headsets, and active noise canceling headphones.