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

StockNews.com assumed coverage on shares of VOXX International (NASDAQ:VOXX) in a report issued on Saturday. The brokerage issued a hold rating on the auto parts company’s stock.

VOXX International Stock Up 1.0 %

Shares of NASDAQ:VOXX opened at $7.36 on Friday. The company has a market capitalization of $165.64 million, a price-to-earnings ratio of -6.63 and a beta of 1.21. The company has a 50 day moving average of $7.44 and a two-hundred day moving average of $5.42. VOXX International has a 52-week low of $2.27 and a 52-week high of $11.31. The company has a quick ratio of 1.05, a current ratio of 2.10 and a debt-to-equity ratio of 0.20.

VOXX International (NASDAQ:VOXX) last released its quarterly earnings results 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 business had revenue of $92.49 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Well Done LLC increased its holdings 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 worth $41,110,000 after purchasing an additional 3,152,500 shares during the last quarter. Tenzing Global Management LLC acquired a new stake in shares of VOXX International during the third quarter worth approximately $6,201,000. Acuitas Investments LLC bought a new stake in shares of VOXX International in the second quarter worth $855,000. Squarepoint Ops LLC acquired a new stake in VOXX International in the second quarter valued at $130,000. Finally, Marquette Asset Management LLC boosted its stake in VOXX International by 60.0% during the 3rd quarter. Marquette Asset Management LLC now owns 78,176 shares of the auto parts company’s stock valued at $497,000 after acquiring an additional 29,326 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.