Koss (NASDAQ:KOSS) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Koss Corporation's shares have recently passed above their 200-day moving average, reaching a high of $6.60 before trading at $6.48.
• Analysts from Wall Street Zen downgraded Koss from a "hold" to a "sell" rating, reflecting concerns about the stock's performance.
• Recent insider activity showed VP Michael J. Koss, Jr. sold 24,643 shares, reducing their ownership by nearly 49%.

Koss Corporation (NASDAQ:KOSS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.33 and traded as high as $6.60. Koss shares last traded at $6.48, with a volume of 59,598 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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 cap of $60.13 million, a P/E ratio of -80.13 and a beta of -1.68. The business's fifty day moving average price is $5.47 and its 200 day moving average price is $5.33.

Insider Activity at Koss

In other news, VP Michael J. Koss, Jr. sold 24,643 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $4.78, for a total value of $117,793.54. Following the completion of the transaction, the vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 46.72% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in Koss in the 4th quarter valued at approximately $125,000. Citadel Advisors LLC acquired a new stake in Koss during the 4th quarter valued at approximately $212,000. Finally, Marshall Wace LLP acquired a new stake in Koss during the 4th quarter valued at approximately $447,000. Institutional investors own 6.21% of the company's stock.

Koss Company Profile

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.