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

Koss Corporation (NASDAQ:KOSS)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.17 and traded as low as $4.24. Koss shares last traded at $4.32, with a volume of 48,724 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Koss Stock Down 4.6%

The firm has a market capitalization of $40.87 million, a PE ratio of -432.00 and a beta of -2.02. The business has a 50-day moving average price of $4.60 and a 200-day moving average price of $5.17.

Koss (NASDAQ:KOSS) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $4.07 million for the quarter. Koss had a negative return on equity of 0.69% and a negative net margin of 1.57%.

Institutional Investors Weigh In On Koss

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Koss by 118.5% in 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 during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Koss during the 3rd quarter worth approximately $74,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Koss during the 3rd quarter valued at approximately $68,000. 6.21% of the stock is currently owned by institutional investors and hedge funds.

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.