Koss Corporation (NASDAQ:KOSS - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.63 and traded as low as $5.20. Koss shares last traded at $5.48, with a volume of 53,829 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Koss from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.
Get Our Latest Report on KOSS
Koss Price Performance
The business's 50 day moving average price is $5.35 and its 200-day moving average price is $5.58. The firm has a market capitalization of $47.93 million, a price-to-earnings ratio of -63.88 and a beta of -1.61.
Koss (NASDAQ:KOSS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.03) EPS for the quarter. Koss had a negative net margin of 6.06% and a negative return on equity of 2.44%.
Insiders Place Their Bets
In other news, VP Michael J. Koss, Jr. sold 24,643 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $4.78, for a total transaction of $117,793.54. Following the completion of the sale, the vice president directly owned 26,000 shares in the company, valued at $124,280. This represents a 48.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 46.72% of the stock is currently owned by corporate insiders.
Institutional Trading of Koss
Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Koss in the fourth quarter worth about $92,000. Jane Street Group LLC bought a new stake in shares of Koss during the fourth quarter valued at approximately $125,000. Citadel Advisors LLC bought a new stake in shares of Koss during the fourth quarter valued at approximately $212,000. Finally, Marshall Wace LLP bought a new stake in shares of Koss during the fourth quarter valued at approximately $447,000. 6.21% of the stock is currently owned by institutional investors and hedge funds.
Koss Company Profile
(
Get Free Report)
Koss Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of stereo headphones and related accessories in the United States, the Czech Republic, Sweden, Canada, Korea, Republic of Belgium, Malaysia, and internationally. It offers high-fidelity headphones, wireless bluetooth headphones, wireless bluetooth speakers, computer headsets, telecommunications headsets, and active noise canceling headphones.
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