VOXX International (NASDAQ:VOXX) Cut to Hold at StockNews.com

VOXX International (NASDAQ:VOXXGet Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

VOXX International Stock Performance

Shares of VOXX International stock opened at $8.67 on Tuesday. The stock has a market cap of $195.94 million, a PE ratio of -5.29 and a beta of 1.30. The business has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $9.21. The company has a quick ratio of 0.84, a current ratio of 1.81 and a debt-to-equity ratio of 0.17. VOXX International has a 12 month low of $7.24 and a 12 month high of $14.75.

VOXX International (NASDAQ:VOXXGet Free Report) last issued its earnings results on Wednesday, January 10th. The auto parts company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.18. The business had revenue of $135.26 million during the quarter. VOXX International had a negative return on equity of 13.63% and a negative net margin of 7.87%.

Insider Buying and Selling

In other news, Director Steven R. Downing acquired 1,568,750 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $15,687,500.00. Following the completion of the acquisition, the director now owns 3,312,558 shares in the company, valued at $33,125,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 48.31% of the stock is owned by corporate insiders.

Institutional Trading of VOXX International

Hedge funds and other institutional investors have recently modified their holdings of the company. Kahn Brothers Group Inc. raised its holdings in VOXX International by 2.5% during the fourth quarter. Kahn Brothers Group Inc. now owns 3,014,697 shares of the auto parts company’s stock valued at $25,263,000 after buying an additional 72,525 shares in the last quarter. Well Done LLC raised its holdings in VOXX International by 902.6% during the fourth quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock valued at $18,611,000 after buying an additional 1,568,750 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in VOXX International by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,407,030 shares of the auto parts company’s stock valued at $17,560,000 after buying an additional 14,142 shares in the last quarter. BlackRock Inc. raised its holdings in VOXX International by 247.5% during the second quarter. BlackRock Inc. now owns 872,068 shares of the auto parts company’s stock valued at $10,883,000 after buying an additional 621,142 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of VOXX International by 9.5% in the first quarter. Vanguard Group Inc. now owns 851,516 shares of the auto parts company’s stock worth $8,490,000 after purchasing an additional 73,945 shares during the period. 36.73% of the stock is currently owned by hedge funds and other institutional investors.

VOXX International Company Profile

(Get Free Report)

VOXX International Corporation 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; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.

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