VOXX International (NASDAQ:VOXX) Shares Pass Above 200-Day Moving Average of $4.98

VOXX International Co. (NASDAQ:VOXX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.98 and traded as high as $6.22. VOXX International shares last traded at $6.19, with a volume of 277,047 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of VOXX International from a “hold” rating to a “sell” rating in a research report on Thursday, September 12th.

VOXX International Stock Performance

The firm has a market capitalization of $135.70 million, a price-to-earnings ratio of -3.58 and a beta of 1.25. The company has a 50-day moving average price of $3.82 and a 200-day moving average price of $4.96. The company has a quick ratio of 1.11, a current ratio of 2.43 and a debt-to-equity ratio of 0.28.

VOXX International (NASDAQ:VOXX) last released its quarterly earnings results on Wednesday, July 10th. The auto parts company reported ($0.40) earnings per share (EPS) for the quarter. VOXX International had a negative return on equity of 14.59% and a negative net margin of 8.78%. The business had revenue of $91.66 million during the quarter.

Insider Buying and Selling at VOXX International

In other news, Director Beat Kahli sold 20,000 shares of VOXX International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $5.00, for a total transaction of $100,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Beat Kahli sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $5.00, for a total value of $100,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Gentex bought 3,152,500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the purchase, the insider now owns 6,463,808 shares of the company’s stock, valued at $32,319,040. The disclosure for this purchase can be found here. 49.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On VOXX International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acuitas Investments LLC acquired a new stake in shares of VOXX International in the second quarter worth $855,000. Empowered Funds LLC grew its stake in VOXX International by 8.0% during the 1st quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock valued at $540,000 after acquiring an additional 4,900 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of VOXX International by 72.7% in the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 2,353 shares during the period. Squarepoint Ops LLC acquired a new position in shares of VOXX International in the 2nd quarter valued at about $130,000. Finally, Marshall Wace LLP purchased a new stake in shares of VOXX International in the second quarter worth approximately $67,000. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.