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

Equities researchers at StockNews.com began coverage on shares of VOXX International (NASDAQ:VOXX) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the auto parts company’s stock.

VOXX International Price Performance

NASDAQ:VOXX opened at $7.33 on Monday. The firm’s fifty day moving average price is $7.37 and its two-hundred day moving average price is $5.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 1.05. The company has a market cap of $164.96 million, a P/E ratio of -6.60 and a beta of 1.24. VOXX International has a one year low of $2.27 and a one year high of $9.88.

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 firm had revenue of $92.49 million for the quarter.

Hedge Funds Weigh In On VOXX International

A number of hedge funds have recently bought and sold shares of VOXX. Acadian Asset Management LLC acquired a new position in VOXX International in the 2nd quarter valued at $44,000. Renaissance Technologies LLC increased its position in shares of VOXX International by 6.3% in the second quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock worth $1,333,000 after purchasing an additional 25,000 shares during the period. Marshall Wace LLP acquired a new position in VOXX International in the second quarter valued at about $67,000. Squarepoint Ops LLC bought a new stake in VOXX International during the second quarter worth about $130,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in VOXX International during the second quarter worth about $63,000. 71.00% of the stock is owned by 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.