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

Equities researchers at StockNews.com assumed coverage on shares of Koss (NASDAQ:KOSS) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Koss Price Performance

Shares of NASDAQ KOSS opened at $2.29 on Thursday. The stock has a market capitalization of $21.18 million, a P/E ratio of -19.08 and a beta of -0.89. The company has a 50-day moving average price of $2.55 and a 200-day moving average price of $2.88. Koss has a 1 year low of $2.27 and a 1 year high of $4.70.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Koss by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock valued at $693,000 after purchasing an additional 2,330 shares in the last quarter. LPL Financial LLC lifted its position in shares of Koss by 12.9% during the fourth quarter. LPL Financial LLC now owns 26,937 shares of the company’s stock valued at $133,000 after purchasing an additional 3,085 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Koss by 3.0% during the third quarter. Vanguard Group Inc. now owns 231,044 shares of the company’s stock valued at $1,467,000 after purchasing an additional 6,651 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Koss during the fourth quarter valued at about $35,000. Finally, Citadel Advisors LLC bought a new position in shares of Koss during the second quarter valued at about $57,000. 6.21% of the stock is currently owned by institutional investors and hedge funds.

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.