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

StockNews.com began coverage on shares of VOXX International (NASDAQ:VOXX) in a research report issued on Sunday. The firm set a “hold” rating on the auto parts company’s stock.

VOXX International Price Performance

VOXX International stock opened at $7.33 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.10 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $164.96 million, a P/E ratio of -6.60 and a beta of 1.24. The firm has a fifty day moving average of $7.41 and a 200-day moving average of $5.50. VOXX International has a 52-week low of $2.27 and a 52-week high of $11.31.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings results on Thursday, October 10th. The auto parts company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $92.49 million during the quarter. VOXX International had a negative return on equity of 9.88% and a negative net margin of 6.06%.

Institutional Trading of VOXX International

Hedge funds have recently made changes to their positions in the company. Well Done LLC boosted its stake in shares of VOXX International by 95.2% in the third quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock valued at $41,110,000 after purchasing an additional 3,152,500 shares during the period. Tenzing Global Management LLC bought a new stake in shares of VOXX International in the third quarter worth $6,201,000. Squarepoint Ops LLC acquired a new stake in VOXX International in the second quarter valued at $130,000. State Street Corp boosted its stake in VOXX International by 5.4% during the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock valued at $333,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in VOXX International during the 2nd quarter worth $44,000. 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.