StockNews.com initiates a "hold" rating for Koss Corp (NASDAQ: KOSS) amid meme stock surge.

StockNews.com initiates coverage on Koss Corp (NASDAQ: KOSS) with a "hold" rating, as shares surge in the meme stock frenzy. KOSS opened at $5.52 on Wednesday, with a 50-day moving average of $3.50 and a 200-day moving average of $3.15. The company reported ($0.03) EPS for the quarter, with revenue of $2.64 million and negative net margin of 8.85%. Vice President John C. Koss Jr. sold 25,000 shares on May 20th.