Voxx International Corp. (VOXX) Posts Earnings Results
Voxx International Corp. (NASDAQ:VOXX) issued its earnings results on Tuesday. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. Voxx International Corp. had a negative net margin of 0.93% and a positive return on equity of 0.78%.
Voxx International Corp. (NASDAQ:VOXX) remained flat at $2.55 during trading on Tuesday. The company’s stock had a trading volume of 413,227 shares. The firm has a 50-day moving average price of $3.00 and a 200 day moving average price of $3.31. The stock’s market capitalization is $61.61 million. Voxx International Corp. has a 12 month low of $2.47 and a 12 month high of $7.92.
Separately, Zacks Investment Research raised shares of Voxx International Corp. from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Wednesday, July 20th.
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In other news, Director Ari Shalam bought 13,333 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were bought at an average cost of $2.99 per share, for a total transaction of $39,865.67. Following the acquisition, the director now directly owns 7,734 shares of the company’s stock, valued at approximately $23,124.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Denise W. Gibson bought 32,100 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was purchased 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 directly owns 20,400 shares in the company, valued at $63,852. The disclosure for this purchase can be found here. 17.51% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co bought a new position in shares of Voxx International Corp. during the second quarter valued at approximately $243,000. Principal Financial Group Inc. raised its position in shares of 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 raised its position in shares of 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. Algert Global LLC raised its position in shares of Voxx International Corp. by 37.9% in the second quarter. Algert Global LLC now owns 179,304 shares of the company’s stock valued at $500,000 after buying an additional 49,292 shares in the last quarter. Finally, Ancora Advisors LLC raised its position in shares of Voxx International Corp. by 13.2% in the second quarter. Ancora Advisors LLC now owns 193,596 shares of the company’s stock valued at $540,000 after buying an additional 22,500 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.
Voxx International Corp. Company Profile
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.
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