Koss (NASDAQ:KOSS) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Koss Corporation (NASDAQ:KOSS)’s stock price passed 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 traded.

Wall Street Analyst Weigh In

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

Koss Stock Performance

The company has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $4.21. The firm has a market cap of $38.16 million, a PE ratio of -36.64 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 (EPS) for the quarter. Koss had a negative return on equity of 3.62% and a negative net margin of 8.57%.The firm had revenue of $2.82 million during the quarter.

Institutional Trading of Koss

Several institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new stake in shares of Koss in the 3rd quarter valued at $74,000. Two Sigma Investments LP acquired a new position in Koss during the third quarter valued at $68,000. Dimensional Fund Advisors LP boosted its holdings in Koss by 118.5% in the third quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock valued at $119,000 after purchasing an additional 12,661 shares during the last quarter. XTX Topco Ltd purchased a new stake in Koss in the fourth quarter valued at $50,000. Finally, NewEdge Advisors LLC grew its position in 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 purchasing an additional 4,900 shares during the period. 6.21% of the stock is currently owned by institutional investors and hedge funds.

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.