Koss (NASDAQ:KOSS) Stock Crosses Below 200 Day Moving Average of $5.14

Koss Co. (NASDAQ:KOSS – Get Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.14 and traded as low as $3.95. Koss shares last traded at $4.00, with a volume of 20,796 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Koss in a report on Friday. They issued a “hold” rating on the stock.

Koss Stock Down 2.0 %

The company has a market cap of $36.88 million, a price-to-earnings ratio of 4.44 and a beta of -0.57. The firm’s 50 day simple moving average is $4.29 and its 200 day simple moving average is $5.14.

Institutional Investors Weigh In On Koss

A number of hedge funds and other institutional investors have recently modified their holdings of KOSS. PNC Financial Services Group Inc. bought a new stake in Koss during the fourth quarter worth approximately $35,000. LPL Financial LLC raised its holdings in shares of Koss by 43.9% during the second quarter. LPL Financial LLC now owns 23,852 shares of the company’s stock worth $166,000 after acquiring an additional 7,280 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Koss during the 2nd quarter valued at about $264,000. Dimensional Fund Advisors LP grew its position in Koss by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock worth $693,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Koss by 22.0% during the 1st quarter. Vanguard Group Inc. now owns 224,393 shares of the company’s stock valued at $2,056,000 after acquiring an additional 40,462 shares during the last quarter. 6.48% of the stock is currently owned by institutional investors.

About Koss

(Get Rating)

Koss Corp. engages in the design, manufacture and sale of stereo headphones and accessories. Its products include wireless, ear clip, over ear, and on ear earphones, Bluetooth speaker and cushions, cases, cables and apparel accessories. The company was founded by John C. Koss Sr. in 1958 and is headquartered in Milwaukee, WI.