VOXX International (NASDAQ:VOXX) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of VOXX International Co. (NASDAQ:VOXX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.72 and traded as high as $8.00. VOXX International shares last traded at $7.90, with a volume of 123,845 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of VOXX International from a “sell” rating to a “hold” rating in a report on Monday, October 14th.

VOXX International Trading Up 0.6 %

The company’s 50 day simple moving average is $6.61 and its 200-day simple moving average is $4.72. The firm has a market cap of $177.75 million, a P/E ratio of -7.12 and a beta of 1.22. 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 issued its quarterly earnings results on Thursday, October 10th. The auto parts company reported $0.10 earnings per share (EPS) for the quarter. VOXX International had a negative return on equity of 9.88% and a negative net margin of 6.06%. The firm had revenue of $92.49 million during the quarter.

Insider Buying and Selling at VOXX International

In related news, major shareholder Corp Gentex bought 3,152,500 shares of VOXX International stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the transaction, the insider now owns 6,463,808 shares in the company, valued at $32,319,040. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other VOXX International news, Director Beat Kahli sold 20,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $5.00, for a total value of $100,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Corp Gentex purchased 3,152,500 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the purchase, the insider now owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 49.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in shares of VOXX International during the second quarter valued at approximately $44,000. BNP Paribas Financial Markets boosted its position in VOXX International by 72.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 2,353 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of VOXX International in the 2nd quarter valued at $63,000. Marshall Wace LLP bought a new position in shares of VOXX International in the 2nd quarter worth $67,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of VOXX International during the 2nd quarter worth $130,000. 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. 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.