Koss (NASDAQ:KOSS) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Koss Corporation's shares have crossed above their 200-day moving average, reaching a high of $5.50 before last trading at $5.48.
• Wall Street Zen has downgraded Koss from a "hold" to a "sell" rating, indicating growing concern among analysts.
• Insider VP Michael J. Koss, Jr. sold 24,643 shares, representing a 48.66% decrease in his stock position.

Shares of Koss Corporation (NASDAQ:KOSS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.33 and traded as high as $5.50. Koss shares last traded at $5.48, with a volume of 39,169 shares trading hands.

Analysts Set New Price Targets

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's 50 day moving average is $5.32 and its 200-day moving average is $5.31. The company has a market capitalization of $56.47 million, a P/E ratio of -75.06 and a beta of -1.68.

Insider Activity at Koss

In related news, VP Michael J. Koss, Jr. sold 24,643 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $4.78, for a total transaction of $117,793.54. Following the transaction, the vice president owned 26,000 shares in the company, valued at $124,280. This represents a 48.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 46.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Koss during the 4th quarter valued at $125,000. Citadel Advisors LLC bought a new stake in shares of Koss during the 4th quarter valued at $212,000. Finally, Marshall Wace LLP bought a new stake in shares of Koss during the 4th quarter valued at $447,000. Hedge funds and other institutional investors 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.