VOXX International (NASDAQ:VOXX) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of VOXX International (NASDAQ:VOXX) from a buy rating to a hold rating in a research note released on Tuesday.

VOXX International Stock Performance

VOXX International stock opened at $3.74 on Tuesday. VOXX International has a fifty-two week low of $3.61 and a fifty-two week high of $13.23. The stock has a market cap of $84.52 million, a price-to-earnings ratio of -2.16 and a beta of 1.38. The stock’s 50 day simple moving average is $6.79 and its two-hundred day simple moving average is $8.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 2.43.

VOXX International (NASDAQ:VOXX) last released its quarterly earnings results on Tuesday, May 14th. The auto parts company reported ($0.89) earnings per share for the quarter. The firm had revenue of $108.08 million for the quarter. VOXX International had a negative net margin of 8.71% and a negative return on equity of 14.86%.

Institutional Investors Weigh In On VOXX International

Hedge funds have recently bought and sold shares of the business. Well Done LLC boosted its position in shares of VOXX International by 902.6% in the 4th quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock worth $18,611,000 after purchasing an additional 1,568,750 shares in the last quarter. Empowered Funds LLC raised its stake in VOXX International by 8.0% during the first quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock valued at $540,000 after buying an additional 4,900 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in VOXX International by 27.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,475 shares of the auto parts company’s stock worth $304,000 after acquiring an additional 6,171 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of VOXX International by 650.0% in the third quarter. Public Employees Retirement System of Ohio now owns 7,500 shares of the auto parts company’s stock worth $60,000 after acquiring an additional 6,500 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of VOXX International by 72.7% during the first quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 2,353 shares in the last quarter. Institutional investors 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. 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.