Koss (NASDAQ:KOSS) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Koss Corporation's shares surpassed their 200-day moving average of $5.37, trading as high as $5.78 before settling at $5.72.
• Analysts downgraded Koss from a "hold" to a "sell" rating, indicating a sentiment shift regarding the stock's performance.
• Koss recently reported a negative net margin of 6.06% and a P/E ratio of -71.50, reflecting ongoing financial challenges for the company.

Koss Corporation (NASDAQ:KOSS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.37 and traded as high as $5.78. Koss shares last traded at $5.72, with a volume of 67,761 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Koss from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.

Koss Price Performance

The stock has a market capitalization of $52.15 million, a price-to-earnings ratio of -69.50 and a beta of -1.68. The business's 50-day simple moving average is $5.36 and its two-hundred day simple moving average is $5.37.

Koss (NASDAQ:KOSS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. Koss had a negative net margin of 6.06% and a negative return on equity of 2.44%.

Insider Transactions at Koss

In related news, VP Michael J. Koss, Jr. sold 24,643 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $4.78, for a total value of $117,793.54. Following the sale, the vice president directly owned 26,000 shares of the company's stock, valued at $124,280. This represents a 48.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 46.72% of the stock is owned by corporate insiders.

Institutional Trading of Koss

A number of large investors have recently modified their holdings of KOSS. Marshall Wace LLP acquired a new stake in shares of Koss in the 4th quarter worth about $447,000. Citadel Advisors LLC acquired a new stake in shares of Koss in the 4th quarter worth about $212,000. Finally, Jane Street Group LLC acquired a new stake in shares of Koss in the 4th quarter worth about $125,000. Institutional investors and hedge funds own 6.21% of the company's stock.

About Koss

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.