VOXX International (NASDAQ:VOXX) Rating Lowered to Sell at StockNews.com

VOXX International (NASDAQ:VOXX) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

VOXX International Trading Up 1.5 %

NASDAQ VOXX opened at $2.69 on Thursday. The firm has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $6.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 2.43. VOXX International has a one year low of $2.60 and a one year high of $11.74. The firm has a market cap of $60.63 million, a price-to-earnings ratio of -1.60 and a beta of 1.18.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings data on Wednesday, July 10th. The auto parts company reported ($0.40) EPS for the quarter. VOXX International had a negative net margin of 8.78% and a negative return on equity of 14.59%. The business had revenue of $91.66 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in VOXX International by 72.7% in the first quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in VOXX International by 650.0% in the third quarter. Public Employees Retirement System of Ohio now owns 7,500 shares of the auto parts company’s stock worth $60,000 after acquiring an additional 6,500 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in VOXX International by 27.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,475 shares of the auto parts company’s stock worth $304,000 after acquiring an additional 6,171 shares during the last quarter. Empowered Funds LLC lifted its stake in VOXX International by 8.0% in the first quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock worth $540,000 after acquiring an additional 4,900 shares during the last quarter. Finally, Well Done LLC lifted its stake in VOXX International by 902.6% in the fourth quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock worth $18,611,000 after acquiring an additional 1,568,750 shares during the last quarter. Hedge funds and other 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. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.