Koss (NASDAQ:KOSS) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Koss Corporation (NASDAQ:KOSS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.76 and traded as low as $3.96. Koss shares last traded at $3.96, with a volume of 26,580 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Koss in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Koss Trading Up 1.0%

The stock has a market cap of $37.50 million, a price-to-earnings ratio of -49.50 and a beta of 1.61. The company has a fifty day simple moving average of $4.31 and a 200-day simple moving average of $4.76.

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

Hedge Funds Weigh In On Koss

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOSS. XTX Topco Ltd acquired a new stake in Koss during the 4th quarter valued at $50,000. Dimensional Fund Advisors LP boosted its position 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 worth $119,000 after buying an additional 12,661 shares during the period. Two Sigma Investments LP purchased a new position in shares of Koss during the third quarter valued at $68,000. Finally, Susquehanna International Group LLP acquired a new position in Koss during the third quarter valued at $74,000. 6.21% of the stock is currently owned by hedge funds and other 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.