VOXX International Corp (VOXX) Stock Rating Upgraded by TheStreet
VOXX International Corp (NASDAQ:VOXX) was upgraded by investment analysts at TheStreet from a “d” rating to a “c-” rating in a research report issued to clients and investors on Wednesday.
A number of other equities analysts have also weighed in on VOXX. Zacks Investment Research lowered shares of VOXX International Corp from a “hold” rating to a “sell” rating in a research report on Saturday, February 11th. Cowen and Company reiterated a “market perform” rating and issued a $6.00 price target (up from $4.00) on shares of VOXX International Corp in a research report on Wednesday.
Shares of VOXX International Corp (NASDAQ:VOXX) traded up 0.6966% during midday trading on Wednesday, reaching $5.9411. 52,491 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $5.80 and its 200-day moving average is $4.95. VOXX International Corp has a 12-month low of $2.47 and a 12-month high of $7.40. The stock’s market cap is $143.54 million.
VOXX International Corp (NASDAQ:VOXX) last posted its quarterly earnings results on Monday, May 15th. The auto parts company reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.06. The firm had revenue of $167.39 million during the quarter, compared to the consensus estimate of $174 million. VOXX International Corp had a positive return on equity of 1.22% and a negative net margin of 0.12%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.22) earnings per share. On average, equities analysts expect that VOXX International Corp will post $0.35 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in VOXX International Corp during the fourth quarter worth $215,000. Dimensional Fund Advisors LP raised its position in VOXX International Corp by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,788,998 shares of the auto parts company’s stock worth $8,408,000 after buying an additional 36,060 shares during the last quarter. Royce & Associates LP raised its position in VOXX International Corp by 22.9% in the fourth quarter. Royce & Associates LP now owns 1,783,875 shares of the auto parts company’s stock worth $8,384,000 after buying an additional 331,997 shares during the last quarter. Renaissance Technologies LLC raised its position in VOXX International Corp by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 265,600 shares of the auto parts company’s stock worth $1,248,000 after buying an additional 24,959 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in VOXX International Corp by 78.8% in the fourth quarter. Two Sigma Investments LP now owns 157,775 shares of the auto parts company’s stock worth $742,000 after buying an additional 69,527 shares during the last quarter. Institutional investors and hedge funds own 58.32% of the company’s stock.
About VOXX International Corp
VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.
Receive News & Ratings for VOXX International Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VOXX International Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.