VOXX International (NASDAQ:VOXX) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of VOXX International Co. (NASDAQ:VOXX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.11 and traded as high as $7.99. VOXX International shares last traded at $7.99, with a volume of 74,103 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised VOXX International from a “sell” rating to a “hold” rating in a research note on Monday, October 14th.

VOXX International Price Performance

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 firm has a market capitalization of $179.78 million, a price-to-earnings ratio of -7.20 and a beta of 1.21. The business’s fifty day simple moving average is $7.39 and its 200 day simple moving average is $5.12.

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

Hedge Funds Weigh In On VOXX International

A number of institutional investors have recently modified their holdings of the company. Tenzing Global Management LLC bought a new stake in VOXX International during the 3rd quarter valued at $6,201,000. State Street Corp grew its holdings in shares of VOXX International by 5.4% during the third 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. Dynamic Technology Lab Private Ltd acquired a new stake in shares of VOXX International in the 3rd quarter worth about $142,000. Moors & Cabot Inc. raised its holdings in shares of VOXX International by 6.1% in the 3rd quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock worth $886,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in VOXX International by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 100,172 shares of the auto parts company’s stock valued at $637,000 after acquiring an additional 28,982 shares in the last quarter. 71.00% of the stock is owned by institutional investors and hedge funds.

About VOXX International

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.