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

StockNews.com assumed coverage on shares of VOXX International (NASDAQ:VOXX) in a report released on Saturday. The brokerage issued a hold rating on the auto parts company’s stock.

VOXX International Price Performance

Shares of VOXX International stock opened at $7.45 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.85 and a quick ratio of 0.97. The business’s 50 day simple moving average is $7.37 and its two-hundred day simple moving average is $6.69. The stock has a market capitalization of $167.83 million, a P/E ratio of -2.41 and a beta of 1.23. VOXX International has a one year low of $2.27 and a one year high of $9.22.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings results 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 Investors Weigh In On VOXX International

Large investors have recently made changes to their positions in the business. AlphaQuest LLC bought a new stake in shares of VOXX International in the 4th quarter worth approximately $51,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of VOXX International in the 4th quarter worth approximately $65,000. Cubist Systematic Strategies LLC bought a new stake in shares of VOXX International in the 4th quarter worth approximately $66,000. Barclays PLC bought a new stake in shares of VOXX International in the 4th quarter worth approximately $69,000. Finally, GTS Securities LLC bought a new stake in shares of VOXX International in the 4th quarter worth approximately $74,000. 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.