VOXX International (NASDAQ:VOXX) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

VOXX International Co. (NASDAQ:VOXX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.04 and traded as high as $7.36. VOXX International shares last traded at $7.36, with a volume of 122,093 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of VOXX International in a research report on Wednesday. They set a “hold” rating on the stock.

VOXX International Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 2.10. The company has a market capitalization of $165.60 million, a price-to-earnings ratio of -6.63 and a beta of 1.24. The business’s 50-day simple moving average is $7.45 and its 200-day simple moving average is $6.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Well Done LLC lifted its position in VOXX International by 95.2% during the 3rd quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock valued at $41,110,000 after purchasing an additional 3,152,500 shares during the period. Tenzing Global Management LLC acquired a new position in VOXX International during the 3rd quarter valued at about $6,201,000. State Street Corp lifted its position in VOXX International by 5.4% during the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock valued at $333,000 after purchasing an additional 2,700 shares during the period. Squarepoint Ops LLC bought a new stake in shares of VOXX International in the 2nd quarter valued at about $130,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of VOXX International in the 2nd quarter valued at about $63,000. 71.00% of the stock is currently owned by institutional investors and hedge funds.

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.