Koss Corporation (NASDAQ:KOSS – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $3.85 and traded as low as $3.71. Koss shares last traded at $3.73, with a volume of 21,983 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Get Our Latest Analysis on KOSS
Koss Trading Up 4.1%
Koss (NASDAQ:KOSS – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $3.26 million during the quarter. Koss had a negative return on equity of 1.29% and a negative net margin of 3.00%.
Hedge Funds Weigh In On Koss
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Koss in the 2nd quarter valued at about $381,000. NewEdge Advisors LLC grew its stake in shares of Koss by 46.3% during the first quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock valued at $55,000 after buying an additional 4,900 shares during the last quarter. Finally, James Investment Research Inc. boosted its holdings in Koss by 46.3% during the 1st 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. Hedge funds and other institutional investors own 6.21% of the company’s stock.
Koss Company Profile
Koss Corporation (NASDAQ: KOSS) designs, manufactures and sells stereo headphones and related audio products. Its product portfolio includes wired and wireless headphones, Bluetooth headphones and earbuds, active noise-canceling headphones, computer headsets and other personal listening accessories.
Founded in 1953 and headquartered in Milwaukee, Wisconsin, Koss is widely recognized for introducing the first commercial stereo headphones in 1958. The company continues to market products under the Koss brand, with offerings intended for music listening, communications, gaming and general consumer use.
Koss sells its products through distributors, retailers, e-commerce channels and its own online store.
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