Koss (NASDAQ:KOSS) Shares Cross Below 200 Day Moving Average - Should You Sell?

Key Points

• Koss Corporation shares fell below their two hundred day moving average of $5.42, trading as low as $5.31 on Monday.
• Analysts at Wall Street Zen downgraded Koss from a "hold" rating to a "sell" rating, indicating bearish sentiment towards the stock.
• Recent insider trading saw VP Michael J. Koss, Jr. sell 24,643 shares at an average price of $4.78, reducing his ownership by 48.66%.

Koss Corporation (NASDAQ:KOSS - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.42 and traded as low as $5.31. Koss shares last traded at $5.57, with a volume of 70,283 shares trading hands.

Wall Street Analysts Forecast Growth

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

Koss Trading Up 0.5%

The firm has a market capitalization of $49.76 million, a P/E ratio of -66.31 and a beta of -1.61. The firm has a 50 day moving average price of $5.42 and a 200-day moving average price of $5.40.

Koss (NASDAQ:KOSS - Get Free Report) last posted its quarterly earnings data 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 Activity

In related news, VP Michael J. Koss, Jr. sold 24,643 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was 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 trade represents a 48.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Koss

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in Koss during the 4th quarter valued at $447,000. Citadel Advisors LLC purchased a new position in shares of Koss in the 4th quarter valued at $212,000. Finally, Jane Street Group LLC purchased a new position in shares of Koss in the 4th quarter valued at $125,000. 6.21% of the stock is owned by institutional investors.

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.