Koss (NASDAQ:KOSS) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Koss (NASDAQ:KOSS – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Koss Price Performance

Koss stock opened at $5.67 on Thursday. The business’s 50-day moving average price is $5.77 and its 200 day moving average price is $6.83. The firm has a market cap of $52.05 million, a price-to-earnings ratio of 4.93 and a beta of -0.53. Koss has a 52 week low of $4.44 and a 52 week high of $12.86.

Koss (NASDAQ:KOSS – Get Rating) last issued its quarterly earnings data on Friday, October 28th. The company reported $1.01 EPS for the quarter. Koss had a net margin of 68.16% and a return on equity of 45.51%. The business had revenue of $3.36 million for the quarter.

Institutional Investors Weigh In On Koss

Several hedge funds have recently modified their holdings of KOSS. Vanguard Group Inc. increased its stake in shares of Koss by 22.0% in the 1st 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 in the last quarter. LPL Financial LLC grew its holdings in Koss by 43.9% in the second quarter. LPL Financial LLC now owns 23,852 shares of the company’s stock valued at $166,000 after purchasing an additional 7,280 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Koss in the second quarter valued at approximately $264,000. 6.48% of the stock is owned by hedge funds and other institutional investors.

About Koss

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Koss Corp. engages in the design, manufacture and sale of stereo headphones and accessories. Its products include wireless, ear clip, over ear, and on ear earphones, Bluetooth speaker and cushions, cases, cables and apparel accessories. The company was founded by John C. Koss Sr. in 1958 and is headquartered in Milwaukee, WI.