Voxx International Corp. (VOXX) Trading Down 1.6%
Voxx International Corp. (NASDAQ:VOXX) shares dropped 1.6% on Wednesday . The stock traded as low as $3.08 and last traded at $3.10, with a volume of 98,331 shares. The stock had previously closed at $3.15.
Separately, Zacks Investment Research raised Voxx International Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The firm has a 50-day moving average of $2.98 and a 200 day moving average of $3.49. The stock’s market cap is $74.90 million.
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Voxx International Corp. (NASDAQ:VOXX) last posted its quarterly earnings results on Monday, July 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.08. Voxx International Corp. had a negative net margin of 0.93% and a positive return on equity of 0.78%. The company had revenue of $155.50 million for the quarter. During the same quarter in the prior year, the company posted ($0.03) EPS. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts predict that Voxx International Corp. will post $0.26 earnings per share for the current fiscal year.
In related news, insider Patrick M. Lavelle purchased 16,154 shares of the stock in a transaction dated Thursday, August 25th. The shares were acquired at an average cost of $3.04 per share, for a total transaction of $49,108.16. Following the acquisition, the insider now directly owns 55,299 shares in the company, valued at approximately $168,108.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Denise W. Gibson purchased 32,100 shares of the stock in a transaction dated Friday, September 16th. The shares were bought at an average price of $3.13 per share, for a total transaction of $100,473.00. Following the completion of the acquisition, the director now owns 20,400 shares in the company, valued at $63,852. The disclosure for this purchase can be found here. Insiders own 17.51% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its position in Voxx International Corp. by 1.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 116,699 shares of the company’s stock valued at $522,000 after buying an additional 1,497 shares in the last quarter. Springbok Capital Management LLC boosted its position in Voxx International Corp. by 12.3% in the first quarter. Springbok Capital Management LLC now owns 27,390 shares of the company’s stock valued at $122,000 after buying an additional 2,990 shares in the last quarter. Principal Financial Group Inc. boosted its position in Voxx International Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 140,230 shares of the company’s stock valued at $391,000 after buying an additional 3,751 shares in the last quarter. Spark Investment Management LLC boosted its position in Voxx International Corp. by 4.2% in the second quarter. Spark Investment Management LLC now owns 140,500 shares of the company’s stock valued at $391,000 after buying an additional 5,700 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Voxx International Corp. by 5.7% in the first quarter. Geode Capital Management LLC now owns 118,598 shares of the company’s stock valued at $530,000 after buying an additional 6,434 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.
Voxx International Corp. Company Profile
VOXX International Corporation (Voxx) is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company operates in three segments, which include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, automotive security, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices and aftermarket/OE-styled radios, among others.
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