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

Koss Corporation (NASDAQ:KOSS) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.59 and traded as low as $3.58. Koss shares last traded at $3.68, with a volume of 7,934 shares traded.

Wall Street Analyst Weigh In

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

Koss Stock Down 1.6%

The firm has a 50 day simple moving average of $4.16 and a 200-day simple moving average of $4.59. The stock has a market cap of $34.85 million, a P/E ratio of -46.00 and a beta of 1.54.

Koss (NASDAQ:KOSS) last issued its earnings results on Thursday, January 29th. The company reported ($0.06) EPS for the quarter. The business had revenue of $2.86 million for 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised 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 valued at $119,000 after purchasing an additional 12,661 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Koss during the 3rd quarter worth about $74,000. Two Sigma Investments LP bought a new stake in shares of Koss during the 3rd quarter worth about $68,000. Finally, XTX Topco Ltd acquired a new position in Koss in the 4th quarter valued at about $50,000. 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.