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

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

VOXX International Stock Up 0.3 %

VOXX International stock opened at $7.50 on Wednesday. The business has a fifty day moving average of $7.43 and a two-hundred day moving average of $7.22. The firm has a market cap of $168.96 million, a P/E ratio of -2.43 and a beta of 1.19. The company has a quick ratio of 0.97, a current ratio of 1.85 and a debt-to-equity ratio of 0.07. VOXX International has a twelve month low of $2.27 and a twelve month high of $8.40.

VOXX International (NASDAQ:VOXX) last released its quarterly earnings results 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

A number of institutional investors have recently added to or reduced their stakes in the business. GTS Securities LLC acquired a new position in shares of VOXX International in the fourth quarter worth $74,000. Sagefield Capital LP acquired a new stake in shares of VOXX International during the fourth quarter valued at about $280,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in VOXX International during the 4th quarter worth approximately $65,000. OMERS ADMINISTRATION Corp increased its stake in shares of VOXX International by 70.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 83,713 shares of the auto parts company’s stock worth $618,000 after buying an additional 34,513 shares during the last quarter. Finally, Kahn Brothers Group Inc. raised its stake in shares of VOXX International by 10.5% in the 4th quarter. Kahn Brothers Group Inc. now owns 114,676 shares of the auto parts company’s stock valued at $846,000 after purchasing an additional 10,868 shares in the last quarter. Hedge funds and other institutional investors own 71.00% of the company’s stock.

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.