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

StockNews.com began coverage on shares of VOXX International (NASDAQ:VOXX) in a report released on Saturday. The firm set a “hold” rating on the auto parts company’s stock.

VOXX International Stock Performance

Shares of VOXX opened at $7.29 on Friday. 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 firm’s fifty day simple moving average is $7.45 and its two-hundred day simple moving average is $5.39. VOXX International has a 12 month low of $2.27 and a 12 month high of $11.31. The stock has a market capitalization of $164.06 million, a P/E ratio of -6.57 and a beta of 1.21.

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

Institutional Investors Weigh In On VOXX International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tenzing Global Management LLC purchased a new position in shares of VOXX International in the 3rd quarter worth approximately $6,201,000. State Street Corp lifted its holdings in VOXX International by 5.4% during the third quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock worth $333,000 after acquiring an additional 2,700 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in VOXX International in the third quarter worth $142,000. Moors & Cabot Inc. grew its stake in VOXX International by 6.1% in the 3rd quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock valued at $886,000 after purchasing an additional 8,000 shares during the period. Finally, Empowered Funds LLC increased its position in shares of VOXX International by 40.7% during the 3rd quarter. Empowered Funds LLC now owns 100,172 shares of the auto parts company’s stock valued at $637,000 after purchasing an additional 28,982 shares during the last quarter. Institutional investors and hedge funds own 71.00% of the company’s stock.

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.