VOXX International Corp. Lowered to “Buy” at Needham & Company LLC (VOXX)
VOXX International Corp. (NASDAQ:VOXX) was downgraded by Needham & Company LLC to a “buy” rating in a research note issued on Friday, Stock Ratings Network.com reports.
Shares of VOXX International Corp. (NASDAQ:VOXX) opened at 7.51 on Friday. VOXX International Corp. has a 52 week low of $6.84 and a 52 week high of $18.00. The stock’s 50-day moving average is $12.23 and its 200-day moving average is $14.2. The company has a market cap of $183.1 million and a price-to-earnings ratio of 7.42.
VOXX International Corp. (NASDAQ:VOXX) last released its earnings data on Wednesday, May 14th. The company reported ($0.35) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.59. The company had revenue of $187.10 million for the quarter, compared to the consensus estimate of $205.47 million. During the same quarter last year, the company posted $0.43 earnings per share. VOXX International Corp.’s revenue was down 9.5% compared to the same quarter last year. On average, analysts predict that VOXX International Corp. will post $1.08 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on VOXX. Analysts at B. Riley downgraded shares of VOXX International Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $10.00 price target on the stock, down previously from $18.00. Analysts at Zacks upgraded shares of VOXX International Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 18th. They now have a $13.50 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. VOXX International Corp. presently has a consensus rating of “Buy” and an average price target of $15.13.
VOXX International Corporation (NASDAQ:VOXX), formerly Audiovox Corporation, is an international distributor in the accessory, mobile and consumer electronics industries.
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