Koss Corporation (NASDAQ:KOSS - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of Koss from a "hold" rating to a "sell" rating in a report on Monday, May 5th.
View Our Latest Report on Koss
Koss Stock Performance
The company has a market capitalization of $51.40 million, a price-to-earnings ratio of -68.50 and a beta of -1.61. The stock's fifty day simple moving average is $5.34 and its two-hundred day simple moving average is $5.63.
Koss (NASDAQ:KOSS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.03) earnings per share for the quarter. Koss had a negative net margin of 6.06% and a negative return on equity of 2.44%.
Insider Buying and Selling
In other Koss news, VP Michael J. Koss, Jr. sold 24,643 shares of the company's stock in a transaction dated Friday, June 13th. The shares were 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 of the company's stock, valued at approximately $124,280. This represents a 48.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 46.72% of the company's stock.
Institutional Trading of Koss
A number of hedge funds have recently bought and sold shares of KOSS. Virtu Financial LLC purchased a new stake in Koss during the fourth quarter valued at about $92,000. Jane Street Group LLC purchased a new stake in Koss during the fourth quarter valued at about $125,000. Citadel Advisors LLC purchased a new stake in Koss during the fourth quarter valued at about $212,000. Finally, Marshall Wace LLP purchased a new stake in Koss during the fourth quarter valued at about $447,000. 6.21% of the stock is owned by hedge funds and other institutional investors.
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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