Koss (NASDAQ:KOSS) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Koss Corporation (NASDAQ:KOSS)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.21 and traded as low as $3.89. Koss shares last traded at $3.95, with a volume of 23,927 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Koss from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Koss Price Performance

The company has a market capitalization of $37.41 million, a PE ratio of -35.91 and a beta of 1.64. The company’s fifty day moving average is $4.05 and its 200-day moving average is $4.21.

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

Hedge Funds Weigh In On Koss

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in Koss during the fourth quarter valued at approximately $50,000. NewEdge Advisors LLC boosted its stake in Koss by 46.3% in the first quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock valued at $55,000 after acquiring an additional 4,900 shares in the last quarter. James Investment Research Inc. boosted its stake in Koss by 46.3% in the first quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock valued at $55,000 after acquiring an additional 4,900 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Koss in the third quarter valued at approximately $68,000. Finally, Susquehanna International Group LLP acquired a new stake in Koss in the third quarter valued at approximately $74,000. 6.21% of the stock is owned by hedge funds and other institutional investors.

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.