Koss (NASDAQ:KOSS) Shares Cross Below 200 Day Moving Average – Here’s Why

Koss Corporation (NASDAQ:KOSS) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.67 and traded as low as $3.89. Koss shares last traded at $3.93, with a volume of 6,717 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Koss in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Koss presently has a consensus rating of “Sell”.

Koss Trading Down 1.0%

The firm has a market capitalization of $37.22 million, a price-to-earnings ratio of -49.13 and a beta of 1.61. The stock’s 50 day moving average price is $4.25 and its two-hundred day moving average price is $4.67.

Koss (NASDAQ:KOSS) last announced its quarterly earnings data on Thursday, January 29th. The company reported ($0.06) EPS for the quarter. Koss had a negative net margin of 6.81% and a negative return on equity of 2.85%. The company had revenue of $2.86 million during the quarter.

Hedge Funds Weigh In On Koss

Several hedge funds and other institutional investors have recently bought and sold shares of KOSS. XTX Topco Ltd purchased a new stake in shares of Koss in the 4th quarter worth about $50,000. Susquehanna International Group LLP acquired a new position in Koss during the third quarter worth about $74,000. Two Sigma Investments LP purchased a new stake in shares of Koss in the third quarter valued at about $68,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 in the last quarter. 6.21% of the stock is 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.