VOXX International (NASDAQ:VOXX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of VOXX International (NASDAQ:VOXX) in a research note issued on Saturday. The brokerage set a “hold” rating on the auto parts company’s stock.

VOXX International Price Performance

Shares of NASDAQ VOXX opened at $7.29 on Friday. The stock’s 50-day simple moving average is $7.45 and its 200-day simple moving average is $5.35. The firm has a market capitalization of $164.06 million, a PE ratio of -6.57 and a beta of 1.21. VOXX International has a fifty-two week low of $2.27 and a fifty-two week high of $11.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 2.10.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings results 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 firm had revenue of $92.49 million during the quarter.

Institutional Trading of VOXX International

Several hedge funds have recently made changes to their positions in the company. Acuitas Investments LLC purchased a new stake in shares of VOXX International in the second quarter valued at approximately $855,000. Acadian Asset Management LLC acquired a new stake in VOXX International in the second quarter valued at $44,000. Renaissance Technologies LLC boosted its position in shares of VOXX International by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock worth $1,333,000 after purchasing an additional 25,000 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of VOXX International during the 2nd quarter worth $67,000. Finally, Squarepoint Ops LLC purchased a new position in shares of VOXX International in the 2nd quarter valued at about $130,000. Institutional investors and hedge funds own 71.00% of the company’s stock.

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.