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

Equities research analysts at StockNews.com initiated coverage on shares of Koss (NASDAQ:KOSS) in a report released on Thursday. The firm set a “hold” rating on the stock.

Koss Trading Down 0.4 %

Shares of KOSS stock opened at $2.34 on Thursday. The company’s fifty day moving average price is $2.54 and its 200-day moving average price is $2.87. The stock has a market cap of $21.66 million, a PE ratio of -19.50 and a beta of -0.89. Koss has a 12 month low of $2.27 and a 12 month high of $4.66.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Koss by 2.9% in the third quarter. Vanguard Group Inc. now owns 259,021 shares of the company’s stock worth $767,000 after acquiring an additional 7,408 shares during the last quarter. Citadel Advisors LLC bought a new stake in Koss during the 2nd quarter valued at about $57,000. Millennium Management LLC purchased a new position in Koss in the fourth quarter worth about $216,000. PNC Financial Services Group Inc. bought a new position in shares of Koss in the fourth quarter worth approximately $35,000. Finally, Dimensional Fund Advisors LP grew its holdings 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 buying an additional 2,330 shares during 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.