Koss (NASDAQ:KOSS) Stock Passes Below 200 Day Moving Average – Here’s Why

Koss Corporation (NASDAQ:KOSS) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.28 and traded as low as $3.98. Koss shares last traded at $4.23, with a volume of 38,052 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Koss from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. 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”.

Koss Stock Performance

The company has a market cap of $40.04 million, a PE ratio of -38.45 and a beta of 1.67. The firm’s 50 day moving average is $4.00 and its 200-day moving average is $4.28.

Koss (NASDAQ:KOSS) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. Koss had a negative net margin of 8.57% and a negative return on equity of 3.62%. The business had revenue of $2.82 million for the quarter.

Institutional Trading of Koss

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake 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 in the last quarter. NewEdge Advisors LLC boosted its holdings in Koss by 46.3% in the 1st quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock valued at $55,000 after purchasing an additional 4,900 shares during the last quarter. James Investment Research Inc. grew its stake in shares of Koss by 46.3% in the 1st quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock valued at $55,000 after buying an additional 4,900 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Koss in the 3rd quarter valued at approximately $74,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Koss in the 3rd quarter valued at approximately $68,000. Hedge funds and other institutional investors own 6.21% of the company’s stock.

Koss Company Profile

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.