Koss (NASDAQ:KOSS) Upgraded by StockNews.com to Hold Rating

Koss (NASDAQ:KOSS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Koss Trading Up 0.7 %

KOSS stock traded up $0.04 during mid-day trading on Monday, hitting $6.02. The stock had a trading volume of 58,630 shares, compared to its average volume of 98,230. The firm has a market capitalization of $56.29 million, a P/E ratio of -75.25 and a beta of -0.65. Koss has a 52 week low of $2.27 and a 52 week high of $18.73. The firm has a fifty day simple moving average of $7.20 and a 200 day simple moving average of $7.49.

Koss (NASDAQ:KOSS) last posted its quarterly 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

An institutional investor recently raised its position in Koss stock. Dimensional Fund Advisors LP raised its holdings in Koss Co. (NASDAQ:KOSS) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,958 shares of the company’s stock after buying an additional 9,813 shares during the quarter. Dimensional Fund Advisors LP owned about 1.58% of Koss worth $650,000 at the end of the most recent quarter. 6.21% of the stock is currently owned by institutional investors and hedge funds.

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.