Koss (NASDAQ:KOSS) Posts Earnings Results

Koss (NASDAQ:KOSS) posted its quarterly earnings data on Thursday. The company reported $0.05 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 Performance

Shares of NASDAQ:KOSS traded down $0.01 during midday trading on Thursday, reaching $3.42. The company’s stock had a trading volume of 31,165 shares, compared to its average volume of 27,056. Koss has a fifty-two week low of $3.37 and a fifty-two week high of $6.39. The firm has a 50 day moving average price of $3.79 and a two-hundred day moving average price of $3.96. The firm has a market capitalization of $32.39 million, a price-to-earnings ratio of -31.09 and a beta of 1.67.

Hedge Funds Weigh In On Koss

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position 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 worth $119,000 after buying an additional 12,661 shares during the period. Two Sigma Investments LP acquired a new position in shares of Koss during the 3rd quarter valued at $68,000. Susquehanna International Group LLP acquired a new position in shares of Koss during the 3rd quarter valued at $74,000. Finally, XTX Topco Ltd bought a new position in Koss during the fourth quarter worth $50,000. 6.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.