Koss (NASDAQ:KOSS) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Koss (NASDAQ:KOSS) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Koss Trading Down 0.4 %

Shares of Koss stock opened at $2.34 on Thursday. Koss has a 12 month low of $2.27 and a 12 month high of $4.66. The stock’s fifty day moving average price is $2.54 and its 200-day moving average price is $2.87. The firm has a market cap of $21.66 million, a P/E ratio of -19.50 and a beta of -0.89.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KOSS. Vanguard Group Inc. grew its stake in Koss by 22.0% in the first quarter. Vanguard Group Inc. now owns 224,393 shares of the company’s stock valued at $2,056,000 after purchasing an additional 40,462 shares during the last quarter. LPL Financial LLC grew its position in shares of Koss by 43.9% in the 2nd quarter. LPL Financial LLC now owns 23,852 shares of the company’s stock worth $166,000 after buying an additional 7,280 shares during the last quarter. Millennium Management LLC bought a new position in shares of Koss during the 2nd quarter worth approximately $264,000. Dimensional Fund Advisors LP lifted its position in Koss by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock valued at $693,000 after acquiring an additional 2,330 shares during the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in Koss in the fourth quarter valued at approximately $35,000. 6.21% of the stock is currently owned by hedge funds and other institutional investors.

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.