Koss (NASDAQ:KOSS) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Koss (NASDAQ:KOSS) from a hold rating to a sell rating in a research note released on Tuesday.

Koss Price Performance

KOSS stock opened at $5.45 on Tuesday. The company has a 50 day moving average price of $6.79 and a 200 day moving average price of $7.19. Koss has a fifty-two week low of $2.27 and a fifty-two week high of $18.73. The stock has a market capitalization of $50.96 million, a PE ratio of -68.13 and a beta of -0.65.

Koss (NASDAQ:KOSS) last released its earnings results on Thursday, January 30th. The company reported $0.01 EPS for the quarter. Koss had a negative return on equity of 2.42% and a negative net margin of 6.10%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Koss by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 61,211 shares of the company’s stock valued at $452,000 after acquiring an additional 1,744 shares during the last quarter. Virtu Financial LLC bought a new stake in Koss in the fourth quarter valued at about $92,000. Jane Street Group LLC acquired a new position in Koss in the fourth quarter valued at about $125,000. Citadel Advisors LLC bought a new position in Koss during the fourth quarter worth about $212,000. Finally, Marshall Wace LLP acquired a new position in shares of Koss during the 4th quarter worth about $447,000. Institutional investors own 6.21% of the company’s stock.

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.