VOXX International (NASDAQ:VOXX) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

VOXX International Co. (NASDAQ:VOXX) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.34 and traded as high as $7.34. VOXX International shares last traded at $7.29, with a volume of 375,142 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of VOXX International from a “sell” rating to a “hold” rating in a report on Monday, October 14th.

VOXX International Trading Down 0.1 %

The company has a 50-day simple moving average of $7.46 and a 200 day simple moving average of $5.34. The company has a market capitalization of $164.06 million, a P/E ratio of -6.57 and a beta of 1.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 2.10.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings results on Thursday, October 10th. The auto parts company reported $0.10 earnings per share for the quarter. VOXX International had a negative net margin of 6.06% and a negative return on equity of 9.88%. The firm had revenue of $92.49 million for the quarter.

Hedge Funds Weigh In On VOXX International

A number of institutional investors have recently modified their holdings of VOXX. Tenzing Global Management LLC acquired a new stake in shares of VOXX International during the 3rd quarter worth approximately $6,201,000. State Street Corp increased its position in shares of VOXX International by 5.4% during the third quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock worth $333,000 after acquiring an additional 2,700 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of VOXX International in the 3rd quarter valued at about $142,000. Moors & Cabot Inc. raised its position in VOXX International by 6.1% in the 3rd quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock valued at $886,000 after buying an additional 8,000 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of VOXX International by 40.7% in the third quarter. Empowered Funds LLC now owns 100,172 shares of the auto parts company’s stock valued at $637,000 after purchasing an additional 28,982 shares during the last quarter. 71.00% of the stock is owned by 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. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.