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

StockNews.com began coverage on shares of VOXX International (NASDAQ:VOXX) in a report issued on Friday morning. The firm issued a hold rating on the auto parts company’s stock.

VOXX International Stock Performance

Shares of NASDAQ:VOXX opened at $7.47 on Friday. The business’s fifty day moving average price is $7.41 and its two-hundred day moving average price is $6.48. VOXX International has a fifty-two week low of $2.27 and a fifty-two week high of $9.22. The stock has a market capitalization of $168.08 million, a price-to-earnings ratio of -6.73 and a beta of 1.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 1.05.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings results on Friday, February 7th. The auto parts company reported ($0.38) earnings per share for the quarter. VOXX International had a negative net margin of 6.06% and a negative return on equity of 9.88%.

Hedge Funds Weigh In On VOXX International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Well Done LLC boosted its stake in VOXX International by 95.2% in the third quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock worth $41,110,000 after purchasing an additional 3,152,500 shares in the last quarter. Tenzing Global Management LLC acquired a new position in VOXX International in the third quarter worth $6,201,000. Peapod Lane Capital LLC acquired a new position in VOXX International in the fourth quarter worth $3,632,000. Gabelli Funds LLC acquired a new position in VOXX International in the fourth quarter worth $2,595,000. Finally, Gardner Lewis Asset Management L P acquired a new position in VOXX International in the fourth quarter worth $2,030,000. Institutional investors and hedge funds own 71.00% of the company’s stock.

VOXX International Company Profile

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.