Koss (NASDAQ:KOSS) Share Price Passes Above 200 Day Moving Average – What’s Next?

Koss Co. (NASDAQ:KOSSGet Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.05 and traded as high as $6.10. Koss shares last traded at $6.00, with a volume of 153,181 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Koss from a “hold” rating to a “sell” rating in a research note on Monday, May 5th.

View Our Latest Stock Report on KOSS

Koss Trading Up 2.9%

The firm has a market capitalization of $56.26 million, a P/E ratio of -75.00 and a beta of -1.61. The firm has a 50 day moving average price of $4.89 and a 200-day moving average price of $6.05.

Koss (NASDAQ:KOSSGet Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. Koss had a negative net margin of 6.10% and a negative return on equity of 2.42%.

Institutional Investors Weigh In On Koss

Several hedge funds and other institutional investors have recently modified their holdings of KOSS. Virtu Financial LLC purchased a new stake in shares of Koss in the fourth quarter worth approximately $92,000. Marshall Wace LLP purchased a new stake in shares of Koss in the fourth quarter worth approximately $447,000. Jane Street Group LLC purchased a new stake in shares of Koss in the fourth quarter worth approximately $125,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Koss in the fourth quarter worth approximately $212,000. 6.21% of the stock is currently owned by hedge funds and other institutional investors.

About Koss

(Get Free Report)

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.

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