Koss (NASDAQ:KOSS) Posts Earnings Results

Koss (NASDAQ:KOSS) announced its quarterly earnings data on Thursday. The company reported ($0.06) EPS for the quarter, FiscalAI reports. The company had revenue of $2.82 million for the quarter. Koss had a negative return on equity of 3.60% and a negative net margin of 8.57%.

Koss Price Performance

Shares of NASDAQ:KOSS traded down $0.02 during trading on Friday, hitting $4.16. 21,256 shares of the company were exchanged, compared to its average volume of 30,476. The stock has a market capitalization of $39.40 million, a P/E ratio of -37.82 and a beta of 1.67. Koss has a 12-month low of $3.50 and a 12-month high of $8.59. The firm’s 50 day moving average price is $4.01 and its 200-day moving average price is $4.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Koss

Large investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new stake in shares of Koss in the third quarter valued at approximately $74,000. Two Sigma Investments LP acquired a new stake in shares of Koss in the third quarter valued at approximately $68,000. Dimensional Fund Advisors LP boosted its holdings in shares of Koss by 118.5% in the third quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock valued at $119,000 after acquiring an additional 12,661 shares during the period. XTX Topco Ltd acquired a new stake in shares of Koss in the fourth quarter valued at approximately $50,000. Finally, James Investment Research Inc. boosted its holdings in shares of 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 period. 6.21% of the stock is owned by institutional investors and hedge funds.

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.