Koss (NASDAQ:KOSS) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Koss Co. (NASDAQ:KOSS) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.38 and traded as low as $5.98. Koss shares last traded at $6.94, with a volume of 269,214 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Koss from a “sell” rating to a “hold” rating in a research report on Monday, February 3rd.

Koss Trading Up 14.9 %

The firm’s fifty day simple moving average is $7.09 and its two-hundred day simple moving average is $7.38. The company has a market capitalization of $64.90 million, a price-to-earnings ratio of -86.75 and a beta of -0.65.

Koss (NASDAQ:KOSS) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.01 earnings per share for the quarter. Koss had a negative return on equity of 2.42% and a negative net margin of 6.10%.

Institutional Trading of Koss

A hedge fund recently raised its stake in Koss stock. Geode Capital Management LLC raised its stake in shares of Koss Co. (NASDAQ:KOSS) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,211 shares of the company’s stock after acquiring an additional 1,744 shares during the period. Geode Capital Management LLC owned approximately 0.65% of Koss worth $452,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.