Koss Co. (NASDAQ:KOSS) VP John C. Koss, Jr. sold 8,133 shares of Koss stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $30.00, for a total transaction of $243,990.00. Following the completion of the transaction, the vice president now directly owns 164,028 shares of the company’s stock, valued at $4,920,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Koss stock opened at $24.62 on Friday. The company’s 50 day moving average price is $20.78. Koss Co. has a 12 month low of $1.13 and a 12 month high of $127.45. The company has a market capitalization of $209.69 million, a price-to-earnings ratio of 492.40 and a beta of -2.61.
Koss (NASDAQ:KOSS) last issued its quarterly earnings results on Wednesday, May 12th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $3.99 million for the quarter. Koss had a net margin of 1.77% and a return on equity of 1.95%.
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its holdings in Koss by 6.7% during the fourth quarter. Renaissance Technologies LLC now owns 58,835 shares of the company’s stock valued at $202,000 after buying an additional 3,700 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Koss in the 1st quarter worth approximately $999,000. Citadel Advisors LLC acquired a new position in Koss in the 1st quarter worth approximately $766,000. Paloma Partners Management Co acquired a new stake in Koss during the 1st quarter valued at approximately $691,000. Finally, Geode Capital Management LLC acquired a new stake in Koss during the 1st quarter valued at approximately $668,000. Hedge funds and other institutional investors own 6.53% of the company’s stock.
Koss Corporation, together with its subsidiaries, designs, manufactures, and sells stereo headphones and related accessories in the United States, the Czech Republic, Sweden, Canada, the Russian Federation, Australia, Malaysia, and internationally. It offers high-fidelity headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and compact disc recordings under the Koss Classics label.
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