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

Equities researchers at StockNews.com started coverage on shares of VOXX International (NASDAQ:VOXX) in a note issued to investors on Tuesday. The firm set a “hold” rating on the auto parts company’s stock.

VOXX International Stock Performance

Shares of VOXX stock opened at $7.49 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $7.41 and a 200 day moving average price of $7.16. The company has a market cap of $168.73 million, a P/E ratio of -2.42 and a beta of 1.19. VOXX International has a 12 month low of $2.27 and a 12 month high of $8.40.

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

Institutional Investors Weigh In On VOXX International

Several hedge funds have recently made changes to their positions in the business. Tenzing Global Management LLC acquired a new stake in VOXX International in the third quarter valued at about $6,201,000. Peapod Lane Capital LLC acquired a new stake in VOXX International in the fourth quarter valued at about $3,632,000. State Street Corp lifted its position 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 valued at $333,000 after purchasing an additional 2,700 shares during the period. Empowered Funds LLC lifted its position in VOXX International by 5.1% in the fourth quarter. Empowered Funds LLC now owns 105,239 shares of the auto parts company’s stock valued at $777,000 after purchasing an additional 5,067 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in VOXX International in the third quarter valued at about $142,000. Institutional investors and hedge funds own 71.00% of the company’s stock.

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.