VOXX International (NASDAQ:VOXX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of VOXX International (NASDAQ:VOXX) in a research report released on Monday morning. The brokerage issued a hold rating on the auto parts company’s stock.

VOXX International Price Performance

Shares of VOXX International stock opened at $7.34 on Monday. The company has a current ratio of 2.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $165.19 million, a price-to-earnings ratio of -6.61 and a beta of 1.24. VOXX International has a 1-year low of $2.27 and a 1-year high of $9.24. The firm’s 50-day moving average price is $7.37 and its two-hundred day moving average price is $5.67.

Institutional Trading of VOXX International

Several hedge funds have recently modified their holdings of the stock. Tenzing Global Management LLC bought a new stake in shares of VOXX International during the third quarter valued at approximately $6,201,000. State Street Corp lifted its holdings in VOXX International by 5.4% in the third quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock valued at $333,000 after buying an additional 2,700 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in VOXX International in the third quarter valued at approximately $142,000. Moors & Cabot Inc. lifted its holdings in VOXX International by 6.1% in the third 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 period. Finally, Empowered Funds LLC lifted its holdings in 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 buying an additional 28,982 shares during the period. 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.