Koss (NASDAQ:KOSS – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports. Koss had a negative net margin of 3.00% and a negative return on equity of 1.29%. The business had revenue of $3.09 million during the quarter.
Koss Trading Down 0.6%
Koss stock traded down $0.02 during mid-day trading on Thursday, hitting $3.41. 24,983 shares of the company traded hands, compared to its average volume of 23,702. The stock has a fifty day moving average price of $3.62 and a 200-day moving average price of $3.93. Koss has a one year low of $3.30 and a one year high of $5.19.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a research note on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.
View Our Latest Report on KOSS
Institutional Trading of Koss
A number of hedge funds have recently made changes to their positions in KOSS. BlackRock Inc. bought a new stake in shares of Koss during the 2nd quarter worth $381,000. NewEdge Advisors LLC grew its position in Koss by 46.3% in the first quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock worth $55,000 after acquiring an additional 4,900 shares in the last quarter. Finally, James Investment Research Inc. increased its stake in Koss by 46.3% in the first quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock valued at $55,000 after acquiring an additional 4,900 shares during the last quarter. 6.21% of the stock is owned by institutional investors.
About Koss
Koss Corporation (NASDAQ: KOSS) is an American audio equipment company headquartered in Milwaukee, Wisconsin. The company designs, manufactures and sells headphones and related personal audio products for consumers and professional users.
Koss’s product portfolio includes wired stereo headphones, wireless and Bluetooth headphones, true wireless earbuds, communication headsets and accessories. Its products are sold through retailers, distributors and online channels under the Koss brand.
The company was founded in 1953 by John C.
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