Koss (NASDAQ:KOSS) Issues Quarterly Earnings Results

Koss (NASDAQ:KOSS) released its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, Zacks reports. Koss had a negative net margin of 8.57% and a negative return on equity of 3.62%.

Koss Stock Down 0.3%

KOSS traded down $0.01 during trading on Thursday, reaching $3.42. 31,113 shares of the company were exchanged, compared to its average volume of 27,056. Koss has a 12-month low of $3.37 and a 12-month high of $6.39. The company’s 50-day moving average is $3.79 and its two-hundred day moving average is $3.96. The company has a market cap of $32.39 million, a price-to-earnings ratio of -31.09 and a beta of 1.67.

Institutional Investors Weigh In On Koss

Several hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of Koss in the fourth quarter valued at approximately $50,000. Two Sigma Investments LP bought a new stake in Koss during the 3rd quarter worth approximately $68,000. Susquehanna International Group LLP bought a new stake in Koss during the 3rd quarter worth approximately $74,000. Finally, Dimensional Fund Advisors LP lifted its stake in Koss by 118.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock worth $119,000 after purchasing an additional 12,661 shares in the last quarter. 6.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Koss from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Koss presently has a consensus rating of “Sell”.

About Koss

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.