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

Shares of Koss Co. (NASDAQ:KOSS – Get Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

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

Koss Trading Down 2.0 %

The stock has a market cap of $36.88 million, a P/E ratio of 4.44 and a beta of -0.57. The stock’s fifty day moving average price is $4.29 and its 200 day moving average price is $5.14.

Hedge Funds Weigh In On Koss

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

About Koss

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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.