Koss (NASDAQ:KOSS) Stock Price Passes Above 200 Day Moving Average - What's Next?

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.

Koss Corporation (NASDAQ:KOSS - Get Free Report)'s share price crossed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Koss Price Performance

The firm has a market capitalization of $53.37 million, a PE ratio of -71.13 and a beta of -1.68. The firm has a 50-day simple moving average of $5.32 and a 200-day simple moving average of $5.32.

Insider Transactions at Koss

In other Koss news, VP Michael J. Koss, Jr. sold 24,643 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $4.78, for a total value of $117,793.54. Following the transaction, the vice president directly owned 26,000 shares of the company's stock, valued at approximately $124,280. This trade represents a 48.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 46.72% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in shares of Koss during the 4th quarter valued at about $447,000. Citadel Advisors LLC purchased a new position in shares of Koss during the 4th quarter valued at about $212,000. Finally, Jane Street Group LLC purchased a new position in shares of Koss during the 4th quarter valued at about $125,000. 6.21% of the stock is owned by hedge funds and other institutional investors.

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.