Koss (NASDAQ:KOSS) Stock Passes Below 200 Day Moving Average – Time to Sell?

Koss Corporation (NASDAQ:KOSS)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.86 and traded as low as $3.42. Koss shares last traded at $3.47, with a volume of 19,211 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Koss from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Koss Trading Up 12.9%

The stock has a market cap of $37.39 million, a price-to-earnings ratio of -98.75 and a beta of 1.66. The firm’s 50-day moving average is $3.61 and its two-hundred day moving average is $3.85.

Koss (NASDAQ:KOSS) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.05 earnings per share (EPS) for the quarter. Koss had a negative return on equity of 1.29% and a negative net margin of 3.00%.The company had revenue of $3.26 million for the quarter.

Institutional Trading of Koss

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Koss during the second quarter worth approximately $381,000. NewEdge Advisors LLC lifted 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 purchasing an additional 4,900 shares in the last quarter. Finally, James Investment Research Inc. lifted its holdings in Koss by 46.3% in the 1st quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock valued at $55,000 after purchasing an additional 4,900 shares in the last quarter. 6.21% of the stock is owned by institutional investors and hedge funds.

Koss Company Profile

Koss Corporation (NASDAQ: KOSS) is an audio equipment company headquartered in Milwaukee, Wisconsin. Founded by John C. Koss in 1953, the company helped popularize personal stereo listening with the introduction of the Koss SP/3 stereophone in 1958.

Koss designs, manufactures, and markets headphones and related audio products. Its product range includes wired and wireless headphones, Bluetooth headphones, earbuds, headsets, and accessories intended for music listening, communication, and other personal audio applications.

The company sells its products through retailers, distributors, e-commerce channels, and other commercial partners.