Separately, Zacks Investment Research upgraded shares of VOXX International from a sell rating to a hold rating in a research report on Wednesday, November 7th.
Shares of VOXX stock traded down $0.19 during trading hours on Tuesday, hitting $4.81. 16,415 shares of the company’s stock traded hands, compared to its average volume of 24,498. VOXX International has a 12-month low of $3.73 and a 12-month high of $6.24. The firm has a market capitalization of $119.78 million, a price-to-earnings ratio of 8.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.64 and a current ratio of 2.84.
VOXX International (NASDAQ:VOXX) last announced its earnings results on Wednesday, January 9th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. VOXX International had a net margin of 0.66% and a return on equity of 3.21%. The firm had revenue of $129.64 million for the quarter.
Several hedge funds have recently added to or reduced their stakes in VOXX. Millennium Management LLC acquired a new stake in VOXX International during the 2nd quarter worth approximately $1,965,000. Kahn Brothers Group Inc. DE grew its stake in VOXX International by 4.3% in the 3rd quarter. Kahn Brothers Group Inc. DE now owns 3,788,078 shares of the auto parts company’s stock worth $19,698,000 after acquiring an additional 155,216 shares in the last quarter. Royce & Associates LP grew its stake in VOXX International by 8.7% in the 3rd quarter. Royce & Associates LP now owns 1,928,106 shares of the auto parts company’s stock worth $10,026,000 after acquiring an additional 155,076 shares in the last quarter. Putnam Investments LLC grew its stake in VOXX International by 50.5% in the 3rd quarter. Putnam Investments LLC now owns 202,497 shares of the auto parts company’s stock worth $1,053,000 after acquiring an additional 67,906 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in VOXX International by 37.3% in the 3rd quarter. Renaissance Technologies LLC now owns 198,541 shares of the auto parts company’s stock worth $1,032,000 after acquiring an additional 53,900 shares in the last quarter. 55.23% of the stock is owned by institutional investors and hedge funds.
About VOXX International
VOXX International Corporation, together with its subsidiaries, manufactures and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services.
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