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 Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

VOXX International Stock Performance

VOXX opened at $7.34 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. The company has a market cap of $165.19 million, a PE ratio of -6.61 and a beta of 1.24. The stock has a 50-day moving average of $7.40 and a 200-day moving average of $5.56. VOXX International has a 52-week low of $2.27 and a 52-week high of $11.31.

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. The firm had revenue of $92.49 million during the quarter. VOXX International had a negative return on equity of 9.88% and a negative net margin of 6.06%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Tenzing Global Management LLC bought a new position in VOXX International during the third quarter worth $6,201,000. State Street Corp grew its position in VOXX International by 5.4% in the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock worth $333,000 after purchasing an additional 2,700 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of VOXX International during the 3rd quarter worth about $142,000. Moors & Cabot Inc. raised its position in shares of VOXX International by 6.1% during the third quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock valued at $886,000 after buying an additional 8,000 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of VOXX International by 40.7% during the third quarter. Empowered Funds LLC now owns 100,172 shares of the auto parts company’s stock valued at $637,000 after buying an additional 28,982 shares during the last quarter. 71.00% of the stock is currently owned by institutional investors and hedge funds.

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.