StockNews.com Upgrades VOXX International (NASDAQ:VOXX) to “Buy”

VOXX International (NASDAQ:VOXX) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

VOXX International Stock Up 3.4 %

Shares of VOXX stock opened at $6.15 on Friday. VOXX International has a twelve month low of $5.76 and a twelve month high of $13.23. The stock has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $9.01. The company has a current ratio of 1.81, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On VOXX International

Hedge funds have recently made changes to their positions in the company. Well Done LLC raised its position in shares of VOXX International by 902.6% in the 4th quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock worth $18,611,000 after acquiring an additional 1,568,750 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of VOXX International by 27.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,475 shares of the auto parts company’s stock worth $304,000 after acquiring an additional 6,171 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of VOXX International by 650.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,500 shares of the auto parts company’s stock worth $60,000 after acquiring an additional 6,500 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of VOXX International by 72.7% in the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 2,353 shares in 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. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.