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

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

VOXX International Stock Performance

VOXX opened at $7.40 on Thursday. The company has a market capitalization of $166.50 million, a price-to-earnings ratio of -6.67 and a beta of 1.23. The business’s 50-day moving average price is $7.43 and its two-hundred day moving average price is $6.23. VOXX International has a 1 year low of $2.27 and a 1 year high of $9.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 1.05.

VOXX International (NASDAQ:VOXX) last announced its earnings results on Friday, February 7th. The auto parts company reported ($0.38) earnings per share (EPS) 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

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in VOXX International during the 2nd quarter worth about $67,000. Squarepoint Ops LLC bought a new stake in VOXX International during the second quarter worth about $130,000. Well Done LLC boosted 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 valued at $41,110,000 after purchasing an additional 3,152,500 shares during the last quarter. Empowered Funds LLC grew its stake in VOXX International by 40.7% in the third 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 in the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of VOXX International by 6.1% in the third quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock valued at $886,000 after buying an additional 8,000 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. 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.