Koss (NASDAQ:KOSS) Downgraded by StockNews.com to “Sell”

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

Koss Stock Performance

Shares of KOSS stock opened at $5.80 on Tuesday. The stock has a fifty day simple moving average of $6.83 and a two-hundred day simple moving average of $7.20. Koss has a 52-week low of $2.27 and a 52-week high of $18.73. The firm has a market capitalization of $54.24 million, a PE ratio of -72.50 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 (EPS) for the quarter. Koss had a negative return on equity of 2.42% and a negative net margin of 6.10%.

Hedge Funds Weigh In On Koss

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Koss by 2.9% during the third quarter. Geode Capital Management LLC now owns 61,211 shares of the company’s stock valued at $452,000 after acquiring an additional 1,744 shares in the last quarter. Marshall Wace LLP purchased a new stake in Koss in the 4th quarter worth $447,000. Citadel Advisors LLC bought a new position in shares of Koss during the 4th quarter valued at about $212,000. Jane Street Group LLC purchased a new position in shares of Koss during the fourth quarter valued at about $125,000. Finally, Virtu Financial LLC bought a new stake in shares of Koss in the fourth quarter worth about $92,000. Hedge funds and other institutional investors own 6.21% of the company’s stock.

About Koss

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.