Koss (NASDAQ:KOSS) Raised to “Hold” at StockNews.com

Koss (NASDAQ:KOSS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Koss Stock Performance

NASDAQ KOSS traded up $0.04 on Monday, hitting $6.02. 58,630 shares of the stock were exchanged, compared to its average volume of 98,230. The firm has a market capitalization of $56.29 million, a P/E ratio of -75.25 and a beta of -0.65. Koss has a 52-week low of $2.27 and a 52-week high of $18.73. The stock has a fifty day moving average price of $7.20 and a two-hundred day moving average price of $7.49.

Koss (NASDAQ:KOSS) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.01 earnings per share for the quarter. Koss had a negative net margin of 6.10% and a negative return on equity of 2.42%.

Institutional Trading of Koss

A hedge fund recently raised its stake in Koss stock. Geode Capital Management LLC raised its position in Koss Co. (NASDAQ:KOSS) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,211 shares of the company’s stock after buying an additional 1,744 shares during the period. Geode Capital Management LLC owned about 0.65% of Koss worth $452,000 at the end of the most recent reporting period. 6.21% of the stock is currently owned by 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.