Koss (NASDAQ:KOSS) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Koss Corporation (NASDAQ:KOSS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.25 and traded as low as $3.98. Koss shares last traded at $3.98, with a volume of 24,621 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Koss from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Koss Trading Down 2.7%

The firm has a market cap of $37.69 million, a price-to-earnings ratio of -36.18 and a beta of 1.64. The stock’s 50 day moving average is $4.02 and its 200 day moving average is $4.25.

Koss (NASDAQ:KOSS) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $2.82 million for the quarter. Koss had a negative return on equity of 3.62% and a negative net margin of 8.57%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Koss by 118.5% during the third quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock worth $119,000 after acquiring an additional 12,661 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Koss in the third quarter valued at approximately $74,000. Two Sigma Investments LP acquired a new stake in Koss during the third quarter worth approximately $68,000. XTX Topco Ltd acquired a new stake in Koss during the fourth quarter worth approximately $50,000. Finally, NewEdge Advisors LLC raised its holdings in Koss by 46.3% in the 1st quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock valued at $55,000 after acquiring an additional 4,900 shares in the last quarter. Institutional investors own 6.21% of the company’s stock.

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.