StockNews.com Upgrades VOXX International (NASDAQ:VOXX) to Hold

VOXX International (NASDAQ:VOXX) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

VOXX International Trading Up 0.4 %

NASDAQ VOXX opened at $8.01 on Monday. VOXX International has a one year low of $2.27 and a one year high of $11.74. The company’s 50 day moving average price is $5.04 and its 200 day moving average price is $4.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 2.43. The firm has a market capitalization of $180.56 million, a price-to-earnings ratio of -4.77 and a beta of 1.25.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings results on Thursday, October 10th. The auto parts company reported $0.10 EPS for the quarter. VOXX International had a negative net margin of 6.06% and a negative return on equity of 9.73%. The firm had revenue of $92.49 million for the quarter.

Insider Activity

In other news, major shareholder Corp Gentex acquired 3,152,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the completion of the purchase, the insider now directly owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Corp Gentex acquired 3,152,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the completion of the purchase, the insider now directly owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Beat Kahli sold 20,000 shares of VOXX International stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. The disclosure for this sale can be found here. Insiders own 49.81% of the company’s stock.

Institutional Trading of VOXX International

A number of hedge funds have recently made changes to their positions in VOXX. Acadian Asset Management LLC acquired a new stake in shares of VOXX International during the second quarter worth approximately $44,000. BNP Paribas Financial Markets boosted its holdings in VOXX International by 72.7% in the first quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 2,353 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in VOXX International in the second quarter worth $63,000. Marshall Wace LLP acquired a new position in VOXX International in the second quarter worth $67,000. Finally, Squarepoint Ops LLC acquired a new position in VOXX International in the second quarter worth $130,000. Institutional investors and hedge funds own 71.00% of the company’s stock.

VOXX International Company Profile

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.