Koss Corporation (NASDAQ:KOSS – Get Free Report)’s share price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $3.85 and traded as low as $3.46. Koss shares last traded at $3.47, with a volume of 28,459 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a research note on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Koss
Koss Trading Down 0.9%
The firm has a market cap of $32.67 million, a P/E ratio of -86.25 and a beta of 1.63. The company’s 50 day simple moving average is $3.64 and its 200-day simple moving average is $3.85.
Koss (NASDAQ:KOSS – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.05 EPS for the quarter. The firm had revenue of $3.26 million during the quarter. Koss had a negative net margin of 3.00% and a negative return on equity of 1.29%.
Institutional Investors Weigh In On Koss
A number of large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in Koss by 46.3% during the 1st quarter. NewEdge Advisors LLC now owns 15,475 shares of the company’s stock valued at $55,000 after buying an additional 4,900 shares during the last quarter. James Investment Research Inc. boosted its stake in shares of Koss by 46.3% in the 1st quarter. James Investment Research Inc. now owns 15,475 shares of the company’s stock worth $55,000 after buying an additional 4,900 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Koss in the 2nd quarter worth $381,000. Institutional investors own 6.21% of the company’s stock.
Koss Company Profile
Koss Corporation (NASDAQ: KOSS) designs, manufactures and sells stereo headphones and related audio products. Its product portfolio includes wired and wireless headphones, Bluetooth headphones and earbuds, active noise-canceling headphones, computer headsets and other personal listening accessories.
Founded in 1953 and headquartered in Milwaukee, Wisconsin, Koss is widely recognized for introducing the first commercial stereo headphones in 1958. The company continues to market products under the Koss brand, with offerings intended for music listening, communications, gaming and general consumer use.
Koss sells its products through distributors, retailers, e-commerce channels and its own online store.
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