Koss (NASDAQ:KOSS) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Koss Corporation (NASDAQ:KOSS) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.52 and traded as low as $5.23. Koss shares last traded at $5.35, with a volume of 36,476 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Koss from a “hold” rating to a “sell” rating in a research report on Monday, May 5th.

Koss Price Performance

The business has a 50-day moving average of $5.40 and a 200 day moving average of $5.52. The company has a market capitalization of $50.16 million, a PE ratio of -66.88 and a beta of -1.61.

Koss (NASDAQ:KOSS) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share for the quarter. Koss had a negative return on equity of 2.44% and a negative net margin of 6.06%.

Insider Transactions at Koss

In related news, VP Michael J. Koss, Jr. sold 24,643 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $4.78, for a total transaction of $117,793.54. Following the completion of the sale, the vice president owned 26,000 shares in the company, valued at $124,280. This trade represents a 48.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 46.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in Koss during the fourth quarter valued at approximately $212,000. Jane Street Group LLC acquired a new stake in shares of Koss in the fourth quarter worth $125,000. Marshall Wace LLP acquired a new stake in Koss during the fourth quarter valued at approximately $447,000. Finally, Virtu Financial LLC bought a new stake in Koss in the fourth quarter valued at $92,000. Hedge funds and other institutional investors own 6.21% of the company’s stock.

Koss Company Profile

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.