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

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

Koss Price Performance

NASDAQ KOSS opened at $5.45 on Tuesday. The company’s fifty day moving average is $6.79 and its two-hundred day moving average is $7.19. Koss has a 52-week low of $2.27 and a 52-week high of $18.73. The firm has a market capitalization of $50.96 million, a price-to-earnings 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 earnings per share for the quarter. Koss had a negative net margin of 6.10% and a negative return on equity of 2.42%.

Institutional Trading of Koss

A number of institutional investors and hedge funds have recently modified their holdings of KOSS. Virtu Financial LLC bought a new position in shares of Koss during the 4th quarter worth about $92,000. Jane Street Group LLC acquired a new position in Koss in the fourth quarter worth about $125,000. Citadel Advisors LLC bought a new position in Koss during the fourth quarter worth about $212,000. Marshall Wace LLP acquired a new stake in Koss during the fourth quarter valued at approximately $447,000. Finally, Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 1,744 shares during the period. 6.21% of the stock is currently owned by institutional investors.

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.