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

Stock analysts at StockNews.com began coverage on shares of VOXX International (NASDAQ:VOXX) in a research report issued on Saturday. The firm set a “hold” rating on the auto parts company’s stock.

VOXX International Price Performance

Shares of NASDAQ:VOXX opened at $7.50 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.85 and a quick ratio of 0.97. The stock has a market cap of $168.96 million, a price-to-earnings ratio of -2.43 and a beta of 1.19. The company has a 50 day moving average of $7.48 and a 200-day moving average of $7.38. VOXX International has a one year low of $2.27 and a one year high of $8.12.

VOXX International (NASDAQ:VOXX) last released its earnings results on Friday, February 7th. The auto parts company reported ($0.38) EPS for the quarter. VOXX International had a negative return on equity of 15.29% and a negative net margin of 18.06%.

Hedge Funds Weigh In On VOXX International

Several institutional investors have recently modified their holdings of VOXX. State Street Corp raised its holdings in VOXX International by 5.4% in 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 period. Burney Co. bought a new stake in shares of VOXX International in the 4th quarter valued at $103,000. Empowered Funds LLC raised its stake in VOXX International by 5.1% during the 4th quarter. Empowered Funds LLC now owns 105,239 shares of the auto parts company’s stock worth $777,000 after buying an additional 5,067 shares during the period. Peapod Lane Capital LLC bought a new position in VOXX International during the fourth quarter worth about $3,632,000. Finally, Wolverine Asset Management LLC acquired a new position in VOXX International in the fourth quarter valued at about $92,000. 71.00% of the stock is currently owned by institutional investors and hedge funds.

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.