Koss Corporation (NASDAQ:KOSS - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Koss from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.
View Our Latest Research Report on Koss
Koss Trading Up 0.9%
The company's 50 day moving average is $5.45 and its 200 day moving average is $5.42. The stock has a market capitalization of $52.25 million, a price-to-earnings ratio of -69.63 and a beta of -1.61.
Koss (NASDAQ:KOSS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. Koss had a negative return on equity of 2.44% and a negative net margin of 6.06%.
Insider Transactions at Koss
In other Koss news, VP Michael J. Koss, Jr. sold 24,643 shares of the business'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 value of $117,793.54. Following the completion of the sale, the vice president owned 26,000 shares in the company, valued at approximately $124,280. The trade was a 48.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 46.72% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Koss
A number of hedge funds have recently modified their holdings of KOSS. Virtu Financial LLC purchased a new stake in Koss in the 4th quarter valued at $92,000. Jane Street Group LLC acquired a new position in Koss in the fourth quarter valued at $125,000. Citadel Advisors LLC purchased a new stake in shares of Koss in the fourth quarter valued at about $212,000. Finally, Marshall Wace LLP purchased a new stake in shares of Koss in the fourth quarter valued at about $447,000. 6.21% of the stock is currently owned by hedge funds and other institutional investors.
About Koss
(
Get Free Report)
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.
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