Koss (NASDAQ:KOSS) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

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.

Analysts Set New Price Targets

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

Koss Price Performance

The firm’s fifty day simple moving average is $7.09 and its 200 day simple moving average is $7.38. The company has a market capitalization of $64.90 million, a PE ratio of -86.75 and a beta of -0.65.

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

Hedge Funds Weigh In On Koss

An institutional investor recently raised its position in Koss stock. Geode Capital Management LLC raised its position in Koss Co. (NASDAQ:KOSS) by 2.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,211 shares of the company’s stock after buying an additional 1,744 shares during the period. Geode Capital Management LLC owned about 0.65% of Koss worth $452,000 at the end of the most recent quarter. 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.