Koss (NASDAQ:KOSS) Releases Quarterly Earnings Results

Koss (NASDAQ:KOSS) issued its earnings results on Thursday. The company reported $0.05 EPS for the quarter, Zacks reports. The business had revenue of $3.26 million during the quarter. Koss had a negative return on equity of 3.62% and a negative net margin of 8.57%.

Koss Trading Down 0.3%

Shares of KOSS stock opened at $3.42 on Friday. Koss has a 1 year low of $3.37 and a 1 year high of $6.39. The firm’s 50 day moving average is $3.78 and its 200-day moving average is $3.95. The firm has a market capitalization of $32.39 million, a price-to-earnings ratio of -31.09 and a beta of 1.67.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Koss from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in shares of Koss in the 4th quarter valued at $50,000. Susquehanna International Group LLP bought a new stake in Koss during the 3rd quarter worth about $74,000. Two Sigma Investments LP acquired a new position in shares of Koss during the 3rd quarter worth approximately $68,000. Finally, Dimensional Fund Advisors LP increased its holdings in Koss by 118.5% during the third quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock worth $119,000 after buying an additional 12,661 shares during the last quarter. Institutional investors own 6.21% of the company’s stock.

About Koss

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.