VOXX International (NASDAQ:VOXX) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of VOXX International (NASDAQ:VOXX) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the auto parts company’s stock.

VOXX International Price Performance

NASDAQ:VOXX opened at $7.33 on Friday. VOXX International has a 12-month low of $2.27 and a 12-month high of $11.31. The firm has a market cap of $164.96 million, a price-to-earnings ratio of -6.60 and a beta of 1.24. The company’s 50-day moving average is $7.41 and its two-hundred day moving average is $5.50. The company has a current ratio of 2.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Well Done LLC increased its position in VOXX International by 95.2% during the third quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock worth $41,110,000 after purchasing an additional 3,152,500 shares during the last quarter. Tenzing Global Management LLC purchased a new stake in shares of VOXX International during the 3rd quarter valued at $6,201,000. Squarepoint Ops LLC acquired a new stake in shares of VOXX International during the 2nd quarter worth $130,000. State Street Corp raised its position in shares of VOXX International by 5.4% in the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock worth $333,000 after buying an additional 2,700 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in VOXX International in the second quarter valued at $44,000. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

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.