VOXX International (NASDAQ:VOXX) Shares Pass Above 200-Day Moving Average of $8.90

VOXX International Co. (NASDAQ:VOXX – Get Rating) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.90 and traded as high as $10.19. VOXX International shares last traded at $10.08, with a volume of 70,661 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VOXX. DA Davidson reduced their price objective on VOXX International from $16.00 to $10.00 in a research report on Thursday, October 13th. StockNews.com raised VOXX International from a “sell” rating to a “hold” rating in a research note on Friday, January 13th. Imperial Capital lowered VOXX International from an “outperform” rating to an “in-line” rating and set a $10.00 price objective for the company. in a report on Thursday, October 13th. Finally, TheStreet raised VOXX International from a “d+” rating to a “c-” rating in a research report on Tuesday.

VOXX International Stock Performance

The company’s fifty day simple moving average is $9.60 and its 200 day simple moving average is $8.90. The company has a current ratio of 1.92, a quick ratio of 0.77 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $238.10 million, a P/E ratio of -36.00 and a beta of 1.37.

Insider Buying and Selling

In other VOXX International news, Director Beat Kahli bought 18,971 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The shares were bought at an average price of $8.38 per share, for a total transaction of $158,976.98. Following the transaction, the director now directly owns 5,100,000 shares in the company, valued at $42,738,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 276,351 shares of company stock worth $2,795,743 in the last 90 days. 41.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VOXX. Global Retirement Partners LLC increased its holdings in VOXX International by 5.1% during the third quarter. Global Retirement Partners LLC now owns 41,000 shares of the auto parts company’s stock valued at $379,000 after buying an additional 2,000 shares during the last quarter. UBS Group AG boosted its position in shares of VOXX International by 9.2% in the third quarter. UBS Group AG now owns 24,531 shares of the auto parts company’s stock worth $187,000 after purchasing an additional 2,062 shares during the period. Royal Bank of Canada boosted its position in shares of VOXX International by 14.5% during the third quarter. Royal Bank of Canada now owns 19,700 shares of the auto parts company’s stock worth $150,000 after acquiring an additional 2,500 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of VOXX International by 12.4% during the second quarter. Commonwealth Equity Services LLC now owns 29,701 shares of the auto parts company’s stock worth $276,000 after acquiring an additional 3,285 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of VOXX International by 3.3% during the first quarter. Panagora Asset Management Inc. now owns 110,473 shares of the auto parts company’s stock worth $1,101,000 after acquiring an additional 3,553 shares during the last quarter. 60.55% of the stock is owned by hedge funds and other institutional investors.

VOXX International Company Profile

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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, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; 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.