VOXX International (NASDAQ:VOXX) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

VOXX International Co. (NASDAQ:VOXX)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.75 and traded as high as $7.02. VOXX International shares last traded at $6.77, with a volume of 99,413 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded VOXX International from a “sell” rating to a “hold” rating in a research report on Monday, October 14th.

VOXX International Stock Down 2.2 %

The firm has a 50 day moving average of $6.81 and a 200 day moving average of $4.75. The firm has a market cap of $152.33 million, a price-to-earnings ratio of -6.10 and a beta of 1.22. The company has a quick ratio of 1.05, a current ratio of 2.10 and a debt-to-equity ratio of 0.20.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings data on Thursday, October 10th. The auto parts company reported $0.10 EPS for the quarter. VOXX International had a negative return on equity of 9.88% and a negative net margin of 6.06%. The firm had revenue of $92.49 million during the quarter.

Insider Activity

In related news, Director Beat Kahli sold 20,000 shares of VOXX International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $5.00, for a total transaction of $100,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other VOXX International news, Director Beat Kahli sold 20,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $5.00, for a total value of $100,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Gentex bought 3,152,500 shares of the stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the completion of the purchase, the insider now owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 49.81% of the company’s stock.

Hedge Funds Weigh In On VOXX International

A number of hedge funds and other institutional investors have recently modified their holdings of VOXX. Well Done LLC lifted its stake in shares of VOXX International by 95.2% in the 3rd quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock valued at $41,110,000 after acquiring an additional 3,152,500 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of VOXX International by 6.3% in the 2nd quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock valued at $1,333,000 after acquiring an additional 25,000 shares during the last quarter. Acuitas Investments LLC bought a new stake in shares of VOXX International in the 2nd quarter valued at about $855,000. Moors & Cabot Inc. lifted its stake in shares of VOXX International by 6.1% in the 3rd quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock valued at $886,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of VOXX International by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 100,172 shares of the auto parts company’s stock valued at $637,000 after acquiring an additional 28,982 shares during the last quarter. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

VOXX International Company Profile

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.