Koss (NASDAQ:KOSS) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Koss Corporation (NASDAQ:KOSS)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.20 and traded as low as $4.29. Koss shares last traded at $4.48, with a volume of 132,358 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Koss Price Performance

The business has a 50-day moving average of $4.65 and a 200-day moving average of $5.20. The company has a market capitalization of $42.38 million, a P/E ratio of -448.00 and a beta of -2.02.

Koss (NASDAQ:KOSS) last announced its earnings results on Thursday, October 30th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $4.07 million for the quarter. Koss had a negative net margin of 1.57% and a negative return on equity of 0.69%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Two Sigma Investments LP bought a new position in shares of Koss during the third quarter valued at approximately $68,000. Susquehanna International Group LLP bought a new stake in shares of Koss during the 3rd quarter worth approximately $74,000. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 12,661 shares during the period. Hedge funds and other institutional investors own 6.21% of the company’s stock.

About Koss

Koss Corporation is an American manufacturer of high-fidelity audio equipment, best known for pioneering the first stereo headphone for personal music listening. Headquartered in Milwaukee, Wisconsin, the company designs, markets and sells a range of headphones and earphones for consumer, professional and industrial applications.

The company’s product lineup includes over-ear and on-ear stereo headphones, in-ear monitors, wireless Bluetooth models and noise-cancelling designs. In addition to personal audio devices, Koss offers reference and studio monitoring headphones for broadcast, recording and DJ use.