Koss (NASDAQ:KOSS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Koss (NASDAQ:KOSS) from a hold rating to a sell rating in a research report report published on Tuesday.

Koss Price Performance

Shares of KOSS stock opened at $5.72 on Tuesday. Koss has a 1-year low of $2.27 and a 1-year high of $18.73. The business has a 50-day moving average of $6.90 and a 200 day moving average of $7.22. The stock has a market capitalization of $53.49 million, a PE ratio of -71.50 and a beta of -0.65.

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

Institutional Investors Weigh In On Koss

Several institutional investors and hedge funds have recently bought and sold shares of KOSS. Geode Capital Management LLC lifted its holdings in Koss by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 61,211 shares of the company’s stock worth $452,000 after buying an additional 1,744 shares during the period. Virtu Financial LLC purchased a new stake in Koss in the 4th quarter worth approximately $92,000. Marshall Wace LLP bought a new position in shares of Koss in the 4th quarter worth approximately $447,000. Jane Street Group LLC bought a new position in shares of Koss in the 4th quarter worth approximately $125,000. Finally, Citadel Advisors LLC bought a new position in shares of Koss in the 4th quarter worth approximately $212,000. Hedge funds and other institutional investors own 6.21% of the company’s stock.

About Koss

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.