Koss (NASDAQ:KOSS) Rating Lowered to “Sell” at StockNews.com

Koss (NASDAQ:KOSS) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Koss Stock Down 1.0 %

Koss stock traded down $0.06 during mid-day trading on Tuesday, hitting $5.72. 52,531 shares of the company’s stock were exchanged, compared to its average volume of 86,148. Koss has a fifty-two week low of $2.27 and a fifty-two week high of $18.73. The firm has a market capitalization of $53.49 million, a P/E ratio of -71.50 and a beta of -0.65. The company’s 50 day simple moving average is $6.90 and its 200-day simple moving average is $7.22.

Koss (NASDAQ:KOSS) last released its quarterly 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 Investors Weigh In On Koss

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