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

Equities research analysts at StockNews.com initiated coverage on shares of Koss (NASDAQ:KOSS) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Koss Price Performance

Shares of KOSS opened at $2.29 on Thursday. The firm has a 50-day moving average of $2.55 and a 200-day moving average of $2.88. Koss has a one year low of $2.27 and a one year high of $4.70. The company has a market cap of $21.18 million, a PE ratio of -19.08 and a beta of -0.89.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KOSS. Vanguard Group Inc. grew its position 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 acquiring an additional 40,462 shares during the period. LPL Financial LLC boosted its holdings in shares of Koss by 43.9% during 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 period. Millennium Management LLC bought a new stake in shares of Koss during the 2nd quarter worth about $264,000. Dimensional Fund Advisors LP boosted its holdings in shares of Koss by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock worth $693,000 after buying an additional 2,330 shares during the period. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Koss during the 4th quarter worth about $35,000. Institutional investors own 6.21% of the company’s stock.

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.