Koss (NASDAQ:KOSS) Posts Quarterly Earnings Results

Koss (NASDAQ:KOSS) posted its earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports. Koss had a negative return on equity of 1.29% and a negative net margin of 3.00%. The firm had revenue of $3.09 million during the quarter.

Koss Stock Performance

Shares of NASDAQ KOSS traded up $0.01 during trading on Friday, reaching $3.42. The company had a trading volume of 26,508 shares, compared to its average volume of 29,897. The business’s 50 day moving average price is $3.62 and its 200-day moving average price is $3.93. Koss has a 52 week low of $3.30 and a 52 week high of $5.19. The stock has a market cap of $32.42 million, a PE ratio of -85.62 and a beta of 1.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a research report on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Koss

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOSS. NewEdge Advisors LLC boosted its stake in shares of Koss by 46.3% in the 1st quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock valued at $55,000 after purchasing an additional 4,900 shares during the last quarter. James Investment Research Inc. grew its position in shares of Koss by 46.3% during the 1st quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock worth $55,000 after buying an additional 4,900 shares during the period. Finally, BlackRock Inc. acquired a new stake in shares of Koss during the 2nd quarter worth approximately $381,000. 6.21% of the stock is owned by institutional investors.

Koss Company Profile

Koss Corporation (NASDAQ: KOSS) is an American audio equipment company headquartered in Milwaukee, Wisconsin. The company designs, manufactures and sells headphones and related personal audio products for consumers and professional users.

Koss’s product portfolio includes wired stereo headphones, wireless and Bluetooth headphones, true wireless earbuds, communication headsets and accessories. Its products are sold through retailers, distributors and online channels under the Koss brand.

The company was founded in 1953 by John C.