DA Davidson Cuts VOXX International (NASDAQ:VOXX) Price Target to $20.00

VOXX International (NASDAQ:VOXXGet Rating) had its target price lowered by analysts at DA Davidson to $20.00 in a research report issued on Wednesday, Stock Target Advisor reports. The firm presently has a “na” rating on the auto parts company’s stock. DA Davidson’s target price suggests a potential upside of 190.70% from the company’s previous close.

Separately, StockNews.com initiated coverage on VOXX International in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

NASDAQ:VOXX traded up $0.10 on Wednesday, hitting $6.88. 8,922 shares of the company’s stock traded hands, compared to its average volume of 111,113. The company has a current ratio of 1.56, a quick ratio of 0.81 and a debt-to-equity ratio of 0.03. VOXX International has a 1 year low of $5.85 and a 1 year high of $16.75. The firm has a 50-day moving average price of $8.94 and a 200-day moving average price of $10.26. The company has a market cap of $164.29 million, a PE ratio of -7.39 and a beta of 1.32.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG grew its stake in shares of VOXX International by 3.7% in the 3rd quarter. UBS Group AG now owns 42,539 shares of the auto parts company’s stock valued at $487,000 after buying an additional 1,500 shares in the last quarter. Citigroup Inc. grew its stake in shares of VOXX International by 122.0% in the 4th quarter. Citigroup Inc. now owns 3,829 shares of the auto parts company’s stock valued at $39,000 after buying an additional 2,104 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of VOXX International by 36.8% in the 3rd quarter. New York State Common Retirement Fund now owns 10,897 shares of the auto parts company’s stock valued at $125,000 after buying an additional 2,929 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of VOXX International by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 83,961 shares of the auto parts company’s stock valued at $962,000 after buying an additional 2,985 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in shares of VOXX International by 3.3% in the 1st quarter. Panagora Asset Management Inc. now owns 110,473 shares of the auto parts company’s stock valued at $1,101,000 after buying an additional 3,553 shares in the last quarter. 58.92% of the stock is owned by institutional investors and hedge funds.

VOXX International Company Profile (Get Rating)

VOXX International Corporation, together with its subsidiaries, designs, manufactures, and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products; satellite radios; smart phone telematics applications; automotive security, vehicle access, and remote start systems; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; mobile interface modules; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.

Read More

Stock Target Advisor logo

Receive News & Ratings for VOXX International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VOXX International and related companies with MarketBeat.com's FREE daily email newsletter.