Koss (NASDAQ:KOSS) Issues Quarterly Earnings Results

Koss (NASDAQ:KOSS) released its quarterly earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, Zacks reports. Koss had a negative return on equity of 1.29% and a negative net margin of 3.00%.The business had revenue of $3.26 million during the quarter.

Koss Price Performance

Koss stock opened at $3.50 on Friday. Koss has a 1-year low of $3.37 and a 1-year high of $6.39. The stock has a market cap of $33.15 million, a PE ratio of -87.50 and a beta of 1.67. The stock’s fifty day moving average is $3.77 and its two-hundred day moving average is $3.95.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of Koss during the fourth quarter worth about $50,000. Susquehanna International Group LLP purchased a new position in shares of Koss during the third quarter worth approximately $74,000. Two Sigma Investments LP purchased a new position in shares of Koss during the third quarter worth approximately $68,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Koss by 118.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock valued at $119,000 after acquiring an additional 12,661 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.