Koss (NASDAQ:KOSS) Releases Earnings Results

Koss (NASDAQ:KOSS) released its earnings results on Thursday. The company reported ($0.06) EPS for the quarter, FiscalAI reports. The business had revenue of $2.82 million for the quarter. Koss had a negative net margin of 6.81% and a negative return on equity of 2.85%.

Koss Stock Performance

Shares of NASDAQ:KOSS traded up $0.03 during midday trading on Friday, reaching $4.21. 8,069 shares of the company’s stock traded hands, compared to its average volume of 32,238. Koss has a 1 year low of $3.50 and a 1 year high of $8.59. The company has a market cap of $39.82 million, a P/E ratio of -52.59 and a beta of 1.67. The company has a fifty day simple moving average of $4.01 and a two-hundred day simple moving average of $4.39.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Koss in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KOSS. Susquehanna International Group LLP acquired a new position in shares of Koss during the 3rd quarter worth approximately $74,000. Two Sigma Investments LP purchased a new stake in Koss in the third quarter valued at approximately $68,000. Dimensional Fund Advisors LP raised its position in Koss by 118.5% in the third quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock valued at $119,000 after purchasing an additional 12,661 shares during the period. XTX Topco Ltd purchased a new stake in Koss in the fourth quarter valued at approximately $50,000. Finally, James Investment Research Inc. increased its position in shares of Koss by 46.3% during the first quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock worth $55,000 after acquiring an additional 4,900 shares during the period. 6.21% of the stock is owned by hedge funds and other institutional investors.

Koss Company Profile

Koss Corporation is an American manufacturer of high-fidelity audio equipment, best known for pioneering the first stereo headphone for personal music listening. Headquartered in Milwaukee, Wisconsin, the company designs, markets and sells a range of headphones and earphones for consumer, professional and industrial applications.

The company’s product lineup includes over-ear and on-ear stereo headphones, in-ear monitors, wireless Bluetooth models and noise-cancelling designs. In addition to personal audio devices, Koss offers reference and studio monitoring headphones for broadcast, recording and DJ use.