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

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

VOXX International Stock Performance

Shares of VOXX opened at $7.29 on Friday. VOXX International has a 12-month low of $2.27 and a 12-month high of $11.31. The stock has a market cap of $164.06 million, a P/E ratio of -6.57 and a beta of 1.21. The company has a current ratio of 2.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $7.45 and a two-hundred day moving average of $5.35.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VOXX. State Street Corp grew its holdings in VOXX International by 5.4% in the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock valued at $333,000 after buying an additional 2,700 shares during the period. Moors & Cabot Inc. increased its position in VOXX International by 6.1% during the third quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock worth $886,000 after purchasing an additional 8,000 shares during the last quarter. Acadian Asset Management LLC purchased a new position in VOXX International during the second quarter worth approximately $44,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of VOXX International in the 2nd quarter valued at $63,000. Finally, Marshall Wace LLP purchased a new stake in shares of VOXX International during the 2nd quarter valued at $67,000. 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.