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

StockNews.com began coverage on shares of VOXX International (NASDAQ:VOXX) in a report released on Monday morning. The firm issued a hold rating on the auto parts company’s stock.

VOXX International Stock Up 0.3 %

Shares of VOXX International stock opened at $7.47 on Monday. The company has a fifty day moving average price of $7.40 and a 200 day moving average price of $7.06. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07. VOXX International has a twelve month low of $2.27 and a twelve month high of $8.52. The stock has a market cap of $168.28 million, a price-to-earnings ratio of -2.42 and a beta of 1.19.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings results on Friday, February 7th. The auto parts company reported ($0.38) earnings per share for the quarter. VOXX International had a negative return on equity of 15.29% and a negative net margin of 18.06%.

Institutional Trading of VOXX International

Institutional investors have recently added to or reduced their stakes in the business. Tenzing Global Management LLC purchased a new stake in VOXX International during the 3rd quarter worth $6,201,000. Peapod Lane Capital LLC purchased a new position in VOXX International in the 4th quarter valued at about $3,632,000. State Street Corp boosted its position in VOXX International by 5.4% in the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock valued at $333,000 after buying an additional 2,700 shares during the last quarter. Empowered Funds LLC boosted its position in VOXX International by 5.1% in the 4th quarter. Empowered Funds LLC now owns 105,239 shares of the auto parts company’s stock valued at $777,000 after buying an additional 5,067 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in VOXX International in the 3rd quarter valued at about $142,000. 71.00% of the stock is owned by hedge funds and other institutional investors.

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.