Koss (NASDAQ:KOSS) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Koss (NASDAQ:KOSSGet Rating) from a sell rating to a hold rating in a report published on Thursday morning.

Koss Trading Down 2.8 %

KOSS opened at $7.25 on Thursday. Koss has a 1-year low of $5.00 and a 1-year high of $22.92. The company has a market cap of $66.32 million, a P/E ratio of 55.77 and a beta of -1.03. The company has a fifty day moving average price of $8.18 and a two-hundred day moving average price of $7.52.

Institutional Investors Weigh In On Koss

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of Koss by 43.9% during the second quarter. LPL Financial LLC now owns 23,852 shares of the company’s stock worth $166,000 after acquiring an additional 7,280 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Koss by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 154,546 shares of the company’s stock worth $1,651,000 after acquiring an additional 7,935 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Koss during the second quarter worth about $264,000. Finally, Vanguard Group Inc. increased its position in shares of Koss by 22.0% during the first quarter. Vanguard Group Inc. now owns 224,393 shares of the company’s stock worth $2,056,000 after acquiring an additional 40,462 shares in the last quarter. 18.81% of the stock is owned by institutional investors.

About Koss

(Get Rating)

Koss Corporation, together with its subsidiaries, designs, manufactures, and sells stereo headphones and related accessories in the United States, the Czech Republic, Sweden, Canada, the Russian Federation, Japan, Malaysia, and internationally. It offers high-fidelity headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and compact disc recordings under the Koss Classics label.

Further Reading

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