StockNews.com Initiates Coverage on VOXX International (NASDAQ:VOXX)

Stock analysts at StockNews.com initiated coverage on shares of VOXX International (NASDAQ:VOXX) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

VOXX International Trading Up 0.1 %

VOXX opened at $7.33 on Friday. The company’s 50 day moving average is $7.41 and its 200-day moving average is $5.50. The company has a market cap of $164.96 million, a P/E ratio of -6.60 and a beta of 1.24. VOXX International has a 1-year low of $2.27 and a 1-year high of $11.31. The company has a current ratio of 2.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On VOXX International

Several large investors have recently bought and sold shares of the company. Well Done LLC increased its stake in shares of VOXX International by 95.2% in the third quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock valued at $41,110,000 after buying an additional 3,152,500 shares during the period. Tenzing Global Management LLC acquired a new stake in VOXX International during the 3rd quarter worth approximately $6,201,000. Squarepoint Ops LLC bought a new stake in VOXX International during the 2nd quarter worth approximately $130,000. State Street Corp increased its position in VOXX International by 5.4% in the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock valued at $333,000 after acquiring an additional 2,700 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of VOXX International during the second quarter valued at $44,000. 71.00% of the stock is currently 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.