Koss (NASDAQ:KOSS) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Koss Corporation (NASDAQ:KOSS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.17 and traded as low as $3.81. Koss shares last traded at $3.95, with a volume of 26,889 shares changing hands.

Analyst Ratings Changes

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

Koss Trading Down 1.5%

The company has a market capitalization of $37.41 million, a PE ratio of -35.91 and a beta of 1.64. The firm’s 50-day simple moving average is $4.07 and its 200-day simple moving average is $4.17.

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

Institutional Investors Weigh In On Koss

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Koss by 118.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock worth $119,000 after buying an additional 12,661 shares during the period. NewEdge Advisors LLC increased its stake in shares of Koss by 46.3% during the first quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock valued at $55,000 after buying an additional 4,900 shares during the period. XTX Topco Ltd bought a new stake in shares of Koss in the fourth quarter valued at about $50,000. Susquehanna International Group LLP bought a new stake in shares of Koss in the third quarter valued at about $74,000. Finally, Two Sigma Investments LP bought a new stake in shares of Koss in the third quarter valued at about $68,000. 6.21% of the stock is owned by 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.