Koss (NASDAQ:KOSS) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Koss Co. (NASDAQ:KOSS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.57 and traded as high as $7.05. Koss shares last traded at $6.88, with a volume of 103,636 shares trading hands.

Koss Stock Performance

The company has a market cap of $64.15 million, a P/E ratio of -57.17 and a beta of -0.67. The firm’s fifty day moving average is $7.21 and its two-hundred day moving average is $6.60.

Koss (NASDAQ:KOSS) last issued its earnings results on Thursday, August 29th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $2.89 million during the quarter. Koss had a negative return on equity of 3.58% and a negative net margin of 9.20%.

Institutional Trading of Koss

An institutional investor recently raised its position in Koss stock. Dimensional Fund Advisors LP boosted its stake in Koss Co. (NASDAQ:KOSS) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,958 shares of the company’s stock after purchasing an additional 9,813 shares during the quarter. Dimensional Fund Advisors LP owned about 1.58% of Koss worth $650,000 as of its most recent SEC filing. Institutional investors 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.