VOXX International (NASDAQ:VOXX) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of VOXX International (NASDAQ:VOXX) from a sell rating to a hold rating in a research report report published on Friday.

VOXX International Price Performance

VOXX International stock opened at $2.60 on Friday. VOXX International has a one year low of $2.57 and a one year high of $11.74. 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 business has a fifty day moving average of $3.48 and a two-hundred day moving average of $6.43. The company has a market cap of $58.45 million, a P/E ratio of -1.55 and a beta of 1.18.

VOXX International (NASDAQ:VOXX) last released its earnings results on Wednesday, July 10th. The auto parts company reported ($0.40) EPS for the quarter. VOXX International had a negative net margin of 8.78% and a negative return on equity of 14.59%. The business had revenue of $91.66 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in shares of VOXX International by 72.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock worth $46,000 after buying an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of VOXX International by 650.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,500 shares of the auto parts company’s stock worth $60,000 after buying an additional 6,500 shares during the last quarter. Empowered Funds LLC raised its stake in shares of VOXX International by 8.0% during the 1st quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock worth $540,000 after buying an additional 4,900 shares during the last quarter. Finally, Well Done LLC raised its stake in shares of VOXX International by 902.6% during the 4th quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock worth $18,611,000 after buying an additional 1,568,750 shares during the last quarter. 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. 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.