Koss (NASDAQ:KOSS) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Koss Corporation (NASDAQ:KOSS) shares passed 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 trading hands.

Wall Street Analysts Forecast Growth

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

Koss Stock Up 1.0%

The business’s 50 day moving average is $4.07 and its two-hundred day moving average is $4.17. The firm has a market capitalization of $37.79 million, a P/E ratio of -36.27 and a beta of 1.64.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. raised its holdings in Koss by 46.3% during the first 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. Dimensional Fund Advisors LP boosted its stake in Koss by 118.5% during the 3rd 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 in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Koss during the 3rd quarter valued at $74,000. Two Sigma Investments LP acquired a new position in shares of Koss during the 3rd quarter valued at $68,000. Finally, XTX Topco Ltd bought a new stake in shares of Koss in the 4th quarter worth $50,000. 6.21% of the stock is currently owned by institutional investors.

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.