Koss (NASDAQ:KOSS) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Koss Corporation (NASDAQ:KOSSGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.39 and traded as low as $4.83. Koss shares last traded at $4.85, with a volume of 11,279 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Koss in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Read Our Latest Analysis on Koss

Koss Stock Performance

The company has a 50 day simple moving average of $4.96 and a two-hundred day simple moving average of $5.39. The firm has a market cap of $45.86 million, a PE ratio of -53.88 and a beta of -2.06.

Koss (NASDAQ:KOSSGet Free Report) last released its earnings results on Thursday, October 30th. The company reported $0.03 EPS for the quarter. The firm had revenue of $4.07 million during the quarter. Koss had a negative return on equity of 2.85% and a negative net margin of 6.94%.

Institutional Trading of Koss

A number of hedge funds and other institutional investors have recently made changes to their positions in KOSS. Two Sigma Investments LP purchased a new position in shares of Koss during the third quarter worth $68,000. Susquehanna International Group LLP acquired a new stake in Koss during the 3rd quarter worth about $74,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Koss by 118.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock valued at $119,000 after buying an additional 12,661 shares during the last quarter. Institutional investors and hedge funds own 6.21% of the company’s stock.

Koss Company Profile

(Get Free Report)

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.

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