Koss (NASDAQ:KOSS) Posts Earnings Results

Koss (NASDAQ:KOSS) posted its quarterly earnings data on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, Zacks reports. Koss had a negative return on equity of 3.62% and a negative net margin of 8.57%.

Koss Stock Down 0.3%

NASDAQ:KOSS traded down $0.01 during midday trading on Thursday, hitting $3.42. The company had a trading volume of 31,113 shares, compared to its average volume of 27,056. Koss has a 52-week low of $3.37 and a 52-week high of $6.39. The stock’s fifty day moving average price is $3.79 and its 200-day moving average price is $3.96. The company has a market capitalization of $32.39 million, a PE ratio of -31.09 and a beta of 1.67.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Koss from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Koss has an average rating of “Sell”.

Institutional Investors Weigh In On Koss

A number of large investors have recently added to or reduced their stakes in KOSS. XTX Topco Ltd purchased a new position in shares of Koss in the 4th quarter worth about $50,000. Dimensional Fund Advisors LP raised its holdings in shares of Koss by 118.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock valued at $119,000 after buying an additional 12,661 shares in the last quarter. Two Sigma Investments LP bought a new stake in Koss in the 3rd quarter worth approximately $68,000. Finally, Susquehanna International Group LLP bought a new stake in Koss in the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 6.21% of the company’s stock.

About Koss

Koss Corporation is an American manufacturer of high-fidelity audio equipment, best known for pioneering the first stereo headphone for personal music listening. Headquartered in Milwaukee, Wisconsin, the company designs, markets and sells a range of headphones and earphones for consumer, professional and industrial applications.

The company’s product lineup includes over-ear and on-ear stereo headphones, in-ear monitors, wireless Bluetooth models and noise-cancelling designs. In addition to personal audio devices, Koss offers reference and studio monitoring headphones for broadcast, recording and DJ use.