Koss (NASDAQ:KOSS) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Koss Corporation (NASDAQ:KOSS) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.25 and traded as low as $3.98. Koss shares last traded at $3.98, with a volume of 24,621 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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 MarketBeat, the company has an average rating of “Sell”.

Koss Trading Up 2.6%

The stock has a fifty day simple moving average of $4.04 and a two-hundred day simple moving average of $4.24. The company has a market cap of $37.97 million, a PE ratio of -36.45 and a beta of 1.64.

Koss (NASDAQ:KOSS) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share 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 during the quarter.

Institutional Investors Weigh In On Koss

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Koss during the 4th quarter worth approximately $50,000. NewEdge Advisors LLC boosted its stake in shares of Koss by 46.3% during the 1st quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock worth $55,000 after acquiring an additional 4,900 shares in the last quarter. James Investment Research Inc. boosted its stake in shares of Koss by 46.3% during the 1st quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock worth $55,000 after acquiring an additional 4,900 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Koss during the 3rd quarter worth approximately $68,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Koss during the 3rd quarter worth approximately $74,000. 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.