StockNews.com Begins Coverage on Koss (NASDAQ:KOSS)

StockNews.com started coverage on shares of Koss (NASDAQ:KOSS) in a research report released on Friday. The firm issued a hold rating on the stock.

Koss Price Performance

KOSS stock opened at $3.24 on Friday. The company has a 50 day moving average price of $3.77 and a 200 day moving average price of $4.02. Koss has a fifty-two week low of $3.22 and a fifty-two week high of $7.20. The stock has a market capitalization of $29.91 million, a PE ratio of 3.90 and a beta of -0.59.

Koss (NASDAQ:KOSS) last posted its quarterly earnings data on Thursday, August 24th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $3.10 million during the quarter. Koss had a return on equity of 26.01% and a net margin of 63.37%.

Institutional Trading of Koss

Several institutional investors and hedge funds have recently made changes to their positions in KOSS. PNC Financial Services Group Inc. bought a new stake in shares of Koss during the 4th quarter valued at $35,000. Citadel Advisors LLC bought a new stake in shares of Koss during the 2nd quarter valued at $57,000. LPL Financial LLC raised its position in shares of Koss by 12.9% during the 4th quarter. LPL Financial LLC now owns 26,937 shares of the company’s stock valued at $133,000 after acquiring an additional 3,085 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Koss during the 4th quarter valued at $216,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Koss by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock valued at $693,000 after acquiring an additional 2,330 shares during the last quarter. Institutional investors own 6.16% 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.