Koss (NASDAQ:KOSS) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Koss (NASDAQ:KOSS) from a sell rating to a hold rating in a report released on Wednesday morning.

Koss Stock Up 0.7 %

NASDAQ:KOSS opened at $4.63 on Wednesday. The firm has a market capitalization of $43.30 million, a P/E ratio of -57.88 and a beta of -1.35. The company has a fifty day moving average of $4.97 and a 200 day moving average of $6.38. Koss has a 52 week low of $2.30 and a 52 week high of $18.73.

Koss (NASDAQ:KOSS) last posted 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOSS. Virtu Financial LLC bought a new stake in Koss in the fourth quarter worth $92,000. Jane Street Group LLC purchased a new position in shares of Koss in the 4th quarter worth about $125,000. Citadel Advisors LLC bought a new position in Koss in the 4th quarter worth about $212,000. Marshall Wace LLP purchased a new stake in Koss during the 4th quarter valued at about $447,000. Finally, Geode Capital Management LLC increased its stake in Koss by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 61,211 shares of the company’s stock valued at $452,000 after purchasing an additional 1,744 shares in the last quarter. 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.