Koss (NASDAQ:KOSS) Shares Cross Below 200-Day Moving Average – Time to Sell?

Koss Corporation (NASDAQ:KOSS)’s share price crossed 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 traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Koss from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Koss Price Performance

The business’s fifty day moving average price is $4.02 and its 200 day moving average price is $4.25. The stock has a market cap of $37.69 million, a P/E ratio of -36.18 and a beta of 1.64.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KOSS. XTX Topco Ltd bought a new position in shares of Koss in the 4th quarter valued at $50,000. NewEdge Advisors LLC increased its holdings in Koss by 46.3% in 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 in the last quarter. James Investment Research Inc. increased its holdings in Koss by 46.3% in the 1st quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock worth $55,000 after purchasing an additional 4,900 shares in the last quarter. Two Sigma Investments LP bought a new position in Koss in the third quarter valued at about $68,000. Finally, Susquehanna International Group LLP bought a new position in Koss in the third quarter valued at about $74,000. 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.