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

StockNews.com started coverage on shares of VOXX International (NASDAQ:VOXX) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the auto parts company’s stock.

VOXX International Price Performance

VOXX stock opened at $7.33 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 2.10. VOXX International has a 52-week low of $2.27 and a 52-week high of $11.31. The company has a market capitalization of $164.96 million, a P/E ratio of -6.60 and a beta of 1.24. The company has a fifty day moving average price of $7.41 and a 200-day moving average price of $5.52.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Well Done LLC increased its position in shares of VOXX International by 95.2% during the third quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock worth $41,110,000 after buying an additional 3,152,500 shares during the period. Tenzing Global Management LLC acquired a new stake in VOXX International during the 3rd quarter worth about $6,201,000. Renaissance Technologies LLC raised its position in shares of VOXX International by 6.3% in the 2nd quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock worth $1,333,000 after acquiring an additional 25,000 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of VOXX International by 6.1% in the 3rd quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock valued at $886,000 after purchasing an additional 8,000 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of VOXX International by 40.7% during the 3rd quarter. Empowered Funds LLC now owns 100,172 shares of the auto parts company’s stock valued at $637,000 after purchasing an additional 28,982 shares in the last quarter. 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.