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

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

VOXX International Price Performance

VOXX International stock opened at $7.48 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.85 and a quick ratio of 0.97. The stock has a market cap of $168.51 million, a price-to-earnings ratio of -2.42 and a beta of 1.19. The firm has a 50-day moving average of $7.40 and a two-hundred day moving average of $7.12. VOXX International has a 1 year low of $2.27 and a 1 year high of $8.52.

VOXX International (NASDAQ:VOXX) last announced its quarterly 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 18.06% and a negative return on equity of 15.29%.

Institutional Trading of VOXX International

Several institutional investors and hedge funds have recently made changes to their positions in the company. GTS Securities LLC bought a new position in VOXX International during the 4th quarter worth about $74,000. Sagefield Capital LP bought a new position in shares of VOXX International during the fourth quarter valued at approximately $280,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in VOXX International during the fourth quarter valued at approximately $65,000. OMERS ADMINISTRATION Corp raised its stake in VOXX International by 70.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 83,713 shares of the auto parts company’s stock worth $618,000 after buying an additional 34,513 shares in the last quarter. Finally, Kahn Brothers Group Inc. lifted its holdings in VOXX International by 10.5% during the fourth quarter. Kahn Brothers Group Inc. now owns 114,676 shares of the auto parts company’s stock worth $846,000 after buying an additional 10,868 shares during the period. 71.00% of the stock is currently owned by 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.