Koss (NASDAQ:KOSS) Releases Earnings Results

Koss (NASDAQ:KOSS) posted its quarterly earnings results on Thursday. The company reported ($0.06) EPS for the quarter, FiscalAI reports. Koss had a negative return on equity of 0.69% and a negative net margin of 1.57%.The company had revenue of $2.86 million during the quarter.

Koss Price Performance

Shares of NASDAQ KOSS traded up $0.01 during trading on Friday, hitting $4.50. The stock had a trading volume of 3,990 shares, compared to its average volume of 53,557. The firm has a fifty day moving average of $4.52 and a two-hundred day moving average of $5.10. The company has a market capitalization of $42.55 million, a PE ratio of -450.00 and a beta of -2.02. Koss has a 12 month low of $4.00 and a 12 month high of $8.59.

Hedge Funds Weigh In On Koss

Several large investors have recently modified their holdings of KOSS. Dimensional Fund Advisors LP boosted its stake in Koss by 118.5% during the third quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock valued at $119,000 after buying an additional 12,661 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Koss during the 3rd quarter valued at $74,000. Finally, Two Sigma Investments LP bought a new stake in shares of Koss during the 3rd quarter worth $68,000. Hedge funds and other institutional investors own 6.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Koss in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Koss Company Profile

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.