VOXX International (NASDAQ:VOXX) Now Covered by StockNews.com

StockNews.com began coverage on shares of VOXX International (NASDAQ:VOXX) in a report released on Sunday morning. The brokerage issued a hold rating on the auto parts company’s stock.

VOXX International Stock Performance

Shares of VOXX stock opened at $7.34 on Friday. The company has a market capitalization of $165.19 million, a price-to-earnings ratio of -6.61 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $7.39 and a 200 day moving average price of $5.58. VOXX International has a twelve month low of $2.27 and a twelve month high of $11.31.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings data 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 business had revenue of $92.49 million during the quarter.

Hedge Funds Weigh In On VOXX International

Several large investors have recently added to or reduced their stakes in VOXX. Well Done LLC increased its stake in shares of VOXX International by 95.2% during the 3rd quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock valued at $41,110,000 after acquiring an additional 3,152,500 shares during the last quarter. Tenzing Global Management LLC purchased a new stake in VOXX International in the third quarter valued at approximately $6,201,000. State Street Corp increased its position in VOXX International by 5.4% during the third quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock worth $333,000 after purchasing an additional 2,700 shares during the last quarter. Squarepoint Ops LLC purchased a new position in VOXX International during the second quarter worth approximately $130,000. Finally, Acadian Asset Management LLC acquired a new position in shares of VOXX International in the 2nd quarter valued at $44,000. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

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.