StockNews.com Begins Coverage on VOXX International (NASDAQ:VOXX)

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

VOXX International Price Performance

Shares of VOXX stock opened at $7.45 on Friday. The company has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $6.83. The stock has a market cap of $167.83 million, a P/E ratio of -2.41 and a beta of 1.23. VOXX International has a 12 month low of $2.27 and a 12 month high of $8.52. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VOXX. Tenzing Global Management LLC purchased a new position in VOXX International during the third quarter valued at approximately $6,201,000. Peapod Lane Capital LLC bought a new stake in shares of VOXX International during the 4th quarter valued at $3,632,000. State Street Corp raised its position in shares of VOXX International by 5.4% during the 3rd 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 stake in shares of VOXX International by 5.1% during the 4th quarter. Empowered Funds LLC now owns 105,239 shares of the auto parts company’s stock valued at $777,000 after buying an additional 5,067 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in VOXX International in the 3rd quarter worth $142,000. 71.00% of the stock is currently owned by institutional investors.

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.