VOXX International (VOXX) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of VOXX International (NASDAQ:VOXX) from a sell rating to a hold rating in a research report released on Wednesday.

According to Zacks, “VOXX International Corporation is engaged in marketing automobile sound, vehicle security, mobile video systems, and consumer electronics products. The Company markets its products under the RCA, Acoustic Research and TERK brands. VOXX International Corporation, formerly known as Audiovox Corporation, is headquartered in Hauppauge, New York. “

Separately, ValuEngine upgraded VOXX International from a sell rating to a hold rating in a report on Monday, July 16th.

VOXX stock traded up $0.05 during trading on Wednesday, hitting $5.11. The stock had a trading volume of 27,976 shares, compared to its average volume of 61,427. The company has a current ratio of 2.95, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. VOXX International has a twelve month low of $4.64 and a twelve month high of $7.00. The stock has a market cap of $123.89 million, a price-to-earnings ratio of 170.33 and a beta of 0.26.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings data on Thursday, October 11th. The auto parts company reported ($0.85) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.83). VOXX International had a positive return on equity of 2.48% and a negative net margin of 0.11%. The firm had revenue of $108.87 million during the quarter. During the same quarter last year, the firm posted ($0.03) EPS. As a group, equities analysts forecast that VOXX International will post 0.25 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in VOXX International by 79.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,950 shares of the auto parts company’s stock worth $359,000 after buying an additional 30,629 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in VOXX International by 6.1% in the 3rd quarter. Acadian Asset Management LLC now owns 183,728 shares of the auto parts company’s stock worth $955,000 after buying an additional 10,499 shares during the last quarter. Kahn Brothers Group Inc. DE lifted 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 purchasing an additional 155,216 shares in the last quarter. Putnam Investments LLC purchased a new position in VOXX International in the 2nd quarter worth approximately $727,000. Finally, Millennium Management LLC purchased a new position in VOXX International in the 2nd quarter worth approximately $1,965,000. Institutional investors own 56.90% of the company’s stock.

VOXX International Company Profile

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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