Market Globalist

KOSS stock rises during current market trading. Here’s what you should know?

Koss Corp. (NASDAQ: KOSS) stock gains by 14.9% at last check during current market trading. Koss Corp is an American company that deals with the manufacturing and designing of headphones. Not just in the USA but also around the globe Apple is considered as the top best company for manufacturing audio accessories but in 2021 Koss Corp has become a bigger name than Apple.

Now what?

AMC Entertainment, GameStop, and Koss all gained on Monday, indicating that the struggle between individual investors and larger institutional investors may be resuming. On Monday, the hashtag #AMCSqueeze was trending on Twitter, indicating that the stock may be undergoing another short squeeze, driving the stock upward.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Recent Development

On May 13, KOSS released its third quarter ended March 2021, financial results. Given below is the summary:

Michael J. Koss, Chairman, and CEO commented:

The composition of net sales in the first nine months differed from the previous year. KOSS noticed a change in distribution to US distributors, European distributors, and domestic direct to consumer sales, as well as a steep fall in US mass retail. KOSS’s focus has changed away from mass-market retailers and toward consumer direct, specialty and distributor-based platforms. The periodic service disruptions of freight carriers are mostly to blame for the quarter’s net reduction in sales revenue.

With the change in sales, gross margins are improving. Domestic mass merchants often have lower gross margins than other distribution channels. There were some odd non-recurring factors in the quarter’s net loss which raised the administrative costs.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Exit mobile version