Koss (NASDAQ:KOSS) Director Purchases 2,500 Shares

Koss Corporation (NASDAQ:KOSS) Director Lenore Lillie acquired 2,500 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $4.96 per share, with a total value of $12,400.00. Following the completion of the purchase, the director directly owned 2,500 shares of the company’s stock, valued at approximately $12,400. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Koss Stock Down 1.8%

KOSS traded down $0.09 during trading on Thursday, hitting $4.85. The company’s stock had a trading volume of 17,814 shares, compared to its average volume of 89,856. The firm’s 50 day moving average price is $4.94 and its two-hundred day moving average price is $5.38. The stock has a market capitalization of $45.86 million, a price-to-earnings ratio of -485.00 and a beta of -1.99. Koss Corporation has a 12 month low of $4.00 and a 12 month high of $8.59.

Koss (NASDAQ:KOSS) last announced its earnings results on Thursday, October 30th. The company reported $0.03 earnings per share (EPS) for the quarter. Koss had a negative net margin of 1.57% and a negative return on equity of 0.69%. The company had revenue of $4.07 million for the quarter.

Institutional Trading of Koss

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Koss by 118.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock valued at $119,000 after purchasing an additional 12,661 shares during the period. Two Sigma Investments LP acquired a new position in Koss in the 3rd quarter valued at $68,000. Finally, Susquehanna International Group LLP bought a new position in Koss during the third quarter worth about $74,000. 6.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Koss Company Profile

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.